Wiginton Corporation 401(k) Review & Grade
Wiginton Corporation 401(k) Retirement Plan
Sanford, FLConstruction501 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$991Employer $ per active participant
$5,291Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$37.2MNet plan assets, end of year
$67,568Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 43th |
| Employee saving | 68th |
| 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
- Wiginton put in about $991 per active participant, below the typical peer ($1,672). 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.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $496,644 |
| Participant (employee) contributions | $2,650,700 |
| Other contributions (incl. rollovers in) | $47,623 |
| Administrative expenses paid from the plan | $95,487 |
| Investment advisory & management fees | $9,198 |
| Other admin expenses | $46,434 |
| Benefits paid out | $2,209,635 |
| Net assets, start / end of year | $31.6M / $37.2M |
| Active participants, start / end of year | 488 / 514 |
| Participants with account balances | 550 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rehmann Robson, LLC |
Largest service providers (Schedule C)
| Newport Group | $58,138 reported compensation |
| Fidelity Investments Institutional | $28,151 reported compensation |
| Strategic Advisors, Inc. | $9,198 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922170737NAL0006973219001, received 2025-09-22, EIN 59-1161350, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.