Western Extrusions Corporation 401(k) Review & Grade
Western Extrusions Retirement and Savings Plan
Carrollton, TXManufacturing805 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$653Employer $ per active participant
$2,991Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
$24,225Average balance per account
Score breakdown
- Employer generosity4.7 / 509th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 20th |
| Employee saving | 23th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $85,301 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Western Extrusions put in about $653 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.56% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $525,787 |
| Participant (employee) contributions | $2,407,554 |
| Other contributions (incl. rollovers in) | $80,385 |
| Administrative expenses paid from the plan | $107,985 |
| Investment advisory & management fees | $40,605 |
| Benefits paid out | $2,668,105 |
| Net assets, start / end of year | $18.2M / $20.4M |
| Active participants, start / end of year | 740 / 870 |
| Participants with account balances | 842 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $67,380 reported compensation |
| Wells Fargo Clearing Services LLC | $29,499 reported compensation |
| Strategic Advisors, Inc. | $11,106 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829135135NAL0006252515001, received 2025-08-29, EIN 75-1653063, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.