Wismettac Asian Foods, Inc. 401(k) Review & Grade
Wismettac Asian Foods 401(k) Profit Sharing Plan
Santa Fe Springs, CAWholesale Trade852 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,665Employer $ per active participant
$6,202Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$83.5MNet plan assets, end of year
$73,022Average balance per account
Score breakdown
- Employer generosity23.3 / 5047th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 67th |
| Employee saving | 71th |
| Peers that auto-enroll | 53% |
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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
- Wismettac Asian Foods put in about $1,665 per active participant, below the typical peer ($1,792). 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 | $1,418,002 |
| Participant (employee) contributions | $5,281,289 |
| Other contributions (incl. rollovers in) | $53,769 |
| Administrative expenses paid from the plan | $102,848 |
| Investment advisory & management fees | $59,766 |
| Benefits paid out | $3,822,150 |
| Net assets, start / end of year | $71.0M / $83.5M |
| Active participants, start / end of year | 793 / 910 |
| Participants with account balances | 1,144 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PDM, LLP |
Largest service providers (Schedule C)
| Mma Securities | $54,925 reported compensation |
| Fidelity Investments Institutional | $43,082 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016170822NAL0003504499001, received 2025-10-16, EIN 95-2101387, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.