Windquest Group, Inc. 401(k) Review & Grade
The Windquest Group 401(k) Retirement Savings Plan
Grand Rapids, MIManufacturing1,102 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,729Employer $ per active participant
$6,574Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$78.7MNet plan assets, end of year
$60,782Average balance per account
Score breakdown
- Employer generosity29.2 / 5058th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 32th |
| Employee saving | 70th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,002 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Windquest Group put in about $2,729 per active participant, more than the typical peer ($2,320). 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.
- Direct plan expenses (0.38% 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.
- 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 | $3,008,780 |
| Participant (employee) contributions | $7,248,343 |
| Other contributions (incl. rollovers in) | $1,742,608 |
| Administrative expenses paid from the plan | $279,926 |
| Contract administrator fees | $202,975 |
| Investment advisory & management fees | $76,951 |
| Benefits paid out | $10,976,928 |
| Net assets, start / end of year | $68.4M / $78.7M |
| Active participants, start / end of year | 1,187 / 1,018 |
| Participants with account balances | 1,295 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $202,974 reported compensation |
| Captrust | $76,951 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930151600NAL0012459745001, received 2025-09-30, EIN 38-2884003, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.