Winland Foods, Inc. 401(k) Review & Grade
Winland Foods, Inc. 401(k) Plan
Oak Brook, ILManufacturing2,546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,739Employer $ per active participant
$4,206Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$182.1MNet plan assets, end of year
$87,005Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 46th |
| Employee saving | 27th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,663 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Winland Foods put in about $2,739 per active participant, below the typical peer ($3,452). 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 | $6,974,176 |
| Participant (employee) contributions | $10,710,772 |
| Other contributions (incl. rollovers in) | $7,559,571 |
| Administrative expenses paid from the plan | $227,426 |
| Investment advisory & management fees | $14,117 |
| Benefits paid out | $13,813,063 |
| Net assets, start / end of year | $149.4M / $182.1M |
| Active participants, start / end of year | 2,478 / 2,615 |
| Participants with account balances | 2,093 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $213,309 reported compensation |
| Empower Advisory Group, LLC | $14,117 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009135616NAL0011076928001, received 2025-10-09, EIN 88-2401878, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.