Westlake Services Holding Company 401(k) Review & Grade
Westlake Services Holding Company Employee Stock Ownership Plan
Los Angeles, CAManagement of Companies1,788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,341Employer $ per active participant
$5,486Employee $ saved per active participant
0.80%Direct admin cost, % of plan assets
$503.7MNet plan assets, end of year
$333,574Average balance per account
Score breakdown
- Employer generosity23.1 / 5046th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 10th |
| Employee saving | 49th |
| Peers that auto-enroll | 58% |
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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
- Westlake Services Holding put in about $2,341 per active participant, below the typical peer ($2,492). 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 (0.80% 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 | $4,184,028 |
| Participant (employee) contributions | $9,806,095 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $3,982,261 |
| Contract administrator fees | $3,692,925 |
| Other admin expenses | $58,203 |
| Benefits paid out | $50,015,846 |
| Net assets, start / end of year | $494.1M / $503.7M |
| Active participants, start / end of year | 1,772 / 1,803 |
| Participants with account balances | 1,510 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | LSL, LLP |
| Employer stock held by plan | $495,193,070 |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915130713NAL0001124545001, received 2025-09-15, EIN 61-1636987, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.