Westwood Professional Services, Inc. 401(k) Review & Grade
Westwood Professional Services, Inc. 401(k) Profit Sharing Plan
Plano, TXConstruction1,546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,075Employer $ per active participant
$7,519Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$200.9MNet plan assets, end of year
$110,897Average balance per account
Score breakdown
- Employer generosity47.8 / 5096th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 70th |
| Employee saving | 84th |
| Peers that auto-enroll | 44% |
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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
- Westwood Professional Services put in about $8,075 per active participant, more than the typical peer ($1,672). 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 | $12,484,571 |
| Participant (employee) contributions | $11,624,155 |
| Other contributions (incl. rollovers in) | $1,986,908 |
| Administrative expenses paid from the plan | $217,515 |
| Investment advisory & management fees | $142,755 |
| Other admin expenses | $130 |
| Benefits paid out | $15,766,969 |
| Net assets, start / end of year | $167.8M / $200.9M |
| Active participants, start / end of year | 1,502 / 1,590 |
| Participants with account balances | 1,812 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $82,755 reported compensation |
| Empower Annuity Insurance Company O | $74,630 reported compensation |
| Mma Securities LLC | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010140908NAL0007836481001, received 2025-10-10, EIN 41-1617552, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.