WKW North America Holding, Inc. 401(k) Review & Grade
WKW North America 401(k) Plan
Troy, MIRetail Trade572 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,817Employer $ per active participant
$2,782Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$21.5MNet plan assets, end of year
$32,340Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost4.6 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 19th |
| Employee saving | 46th |
| Peers that auto-enroll | 48% |
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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
- WKW North America Holding put in about $1,817 per active participant, more than the typical peer ($743). 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 (0.58% 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 | $1,039,310 |
| Participant (employee) contributions | $1,591,128 |
| Other contributions (incl. rollovers in) | $189,643 |
| Administrative expenses paid from the plan | $123,039 |
| Contract administrator fees | $123,039 |
| Benefits paid out | $4,382,784 |
| Net assets, start / end of year | $20.9M / $21.5M |
| Active participants, start / end of year | 561 / 583 |
| Participants with account balances | 666 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bmss. LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $123,038 reported compensation |
| MML Investors Services LLC | $30,608 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014063954NAL0003252016001, received 2025-10-14, EIN 20-5268658, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.