Woodruff Sawyer & Co. 401(k) Review & Grade
Woodruff-Sawyer & Co. Profit-Sharing and Pre-Tax Savings Plan
San Francisco, CAFinance & Insurance646 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,677Employer $ per active participant
$13,129Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$149.9MNet plan assets, end of year
$188,141Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 80th |
| Employee saving | 86th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $324 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Woodruff Sawyer & put in about $5,677 per active participant, more than the typical peer ($3,606). 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.
- 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 | $3,664,667 |
| Participant (employee) contributions | $8,474,841 |
| Other contributions (incl. rollovers in) | $2,987,504 |
| Administrative expenses paid from the plan | $107,086 |
| Investment advisory & management fees | $45,635 |
| Other admin expenses | $100 |
| Benefits paid out | $11,135,723 |
| Net assets, start / end of year | $127.1M / $149.9M |
| Active participants, start / end of year | 652 / 639 |
| Participants with account balances | 797 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $61,351 reported compensation |
| Empower Advisory Group, LLC | $45,635 reported compensation |
| Empower Financial Services, Inc. | $100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140403NAL0003122018001, received 2025-10-13, EIN 94-1625126, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.