Winnebago Industries, Inc. 401(k) Review & Grade
Winnebago Industries, Inc. Profit Sharing and Deferred Savings and Investment Plan
Eden Prairie, MNManufacturing5,678 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,595Employer $ per active participant
$4,389Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$360.9MNet plan assets, end of year
$55,078Average balance per account
Score breakdown
- Employer generosity19.0 / 5038th percentile for employer $ per participant
- Low cost11.6 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 47th |
| Employee saving | 29th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,212 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Winnebago Industries put in about $2,595 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 | $14,736,268 |
| Participant (employee) contributions | $24,919,942 |
| Other contributions (incl. rollovers in) | $2,583,703 |
| Administrative expenses paid from the plan | $470,757 |
| Other admin expenses | $600 |
| Benefits paid out | $53,886,478 |
| Net assets, start / end of year | $334.1M / $360.9M |
| Active participants, start / end of year | 6,042 / 5,314 |
| Participants with account balances | 6,552 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $470,156 reported compensation |
| Qdro Consultants | $600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908112040NAL0019268625001, received 2025-09-08, EIN 42-0802678, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.