Wingate Management Company LLC 401(k) Review & Grade
Wingate Management Company 401(k) Plan
Newton, MAReal Estate & Rental758 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$491Employer $ per active participant
$2,808Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$29.6MNet plan assets, end of year
$55,234Average balance per account
Score breakdown
- Employer generosity10.0 / 5020th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 46th |
| Employee saving | 38th |
| Peers that auto-enroll | 47% |
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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
- Wingate Management Company put in about $491 per active participant, below the typical peer ($1,279). 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.
- 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 | $372,299 |
| Participant (employee) contributions | $2,127,162 |
| Other contributions (incl. rollovers in) | $1,097,969 |
| Administrative expenses paid from the plan | $72,027 |
| Contract administrator fees | $13,715 |
| Benefits paid out | $3,534,161 |
| Net assets, start / end of year | $26.3M / $29.6M |
| Active participants, start / end of year | 734 / 781 |
| Participants with account balances | 536 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gray, Gray & Gray, LLP |
Largest service providers (Schedule C)
| Cbiz Investment Advisory Services L | $37,367 reported compensation |
| Cbiz Benefits & Ins Services Inc | $35,069 reported compensation |
| Empower Advisory Group, LLC | $25,055 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016122821NAL0008223456001, received 2025-10-16, EIN 20-2388094, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.