Western Equipment, LLC 401(k) Review & Grade
Western Equipment, LLC Retirement Savings Plan
Clinton, OKRetail Trade705 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,942Employer $ per active participant
$4,336Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$52.4MNet plan assets, end of year
$69,607Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 47th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Western Equipment put in about $2,942 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,074,410 |
| Participant (employee) contributions | $3,056,779 |
| Other contributions (incl. rollovers in) | $66,119 |
| Administrative expenses paid from the plan | $120,668 |
| Investment advisory & management fees | $47,200 |
| Benefits paid out | $2,817,978 |
| Net assets, start / end of year | $44.4M / $52.4M |
| Active participants, start / end of year | 704 / 706 |
| Participants with account balances | 753 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Peters & Chandler, P.C. |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $63,449 reported compensation |
| Navigate Retirement Solutions | $47,200 reported compensation |
| Matrix Trust Company | $10,019 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820105806NAL0001568563001, received 2025-08-20, EIN 30-0134973, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.