Woodard & Curran, Inc. 401(k) Review & Grade
Woodard & Curran, Inc. 401(k) Profit Sharing Plan
Portland, MEProfessional, Scientific & Technical Services1,327 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,906Employer $ per active participant
$9,162Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$259.0MNet plan assets, end of year
$153,433Average balance per account
Score breakdown
- Employer generosity23.6 / 5047th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 82th |
| Employee saving | 51th |
| 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
- Woodard & Curran put in about $2,906 per active participant, below the typical peer ($3,082). 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 | $3,855,949 |
| Participant (employee) contributions | $12,158,550 |
| Other contributions (incl. rollovers in) | $2,068,269 |
| Administrative expenses paid from the plan | $161,748 |
| Contract administrator fees | $1,200 |
| Other admin expenses | $60,000 |
| Benefits paid out | $18,798,070 |
| Net assets, start / end of year | $225.4M / $259.0M |
| Active participants, start / end of year | 1,296 / 1,358 |
| Participants with account balances | 1,688 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Berry, Dunn, Mcneil & Parker |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $101,748 reported compensation |
| Morgan Stanley Smith Barney LLC | $60,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174251NAL0003421297001, received 2025-10-14, EIN 01-0363222, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.