Wgi, Inc. 401(k) Review & Grade
Wgi, Inc. 401(k) Plan
West Palm Beach, FLProfessional, Scientific & Technical Services537 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,133Employer $ per active participant
$7,276Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$57.8MNet plan assets, end of year
$89,538Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 22th |
| Employee saving | 37th |
| 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
- Wgi put in about $2,133 per active participant, below the typical peer ($3,082). 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 (0.51% 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 | $1,145,671 |
| Participant (employee) contributions | $3,906,998 |
| Other contributions (incl. rollovers in) | $290,859 |
| Administrative expenses paid from the plan | $278,307 |
| Contract administrator fees | $31,882 |
| Investment advisory & management fees | $143,638 |
| Benefits paid out | $5,732,262 |
| Net assets, start / end of year | $50.8M / $57.8M |
| Active participants, start / end of year | 577 / 497 |
| Participants with account balances | 645 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PFK O'connor Davies |
Largest service providers (Schedule C)
| Merrill Lynch Fas & Eps (ria) | $143,638 reported compensation |
| John Hancock Life Insurance Co. USA | $102,787 reported compensation |
| R .J. L. Pension Services, Inc. | $59,608 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924114312NAL0002993443001, received 2025-09-24, EIN 65-0271367, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.