Wpromote LLC 401(k) Review & Grade
Wpromote LLC 401k Plan
El Segundo, CAProfessional, Scientific & Technical Services646 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,273Employer $ per active participant
$8,462Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$45.5MNet plan assets, end of year
$54,145Average balance per account
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 19th |
| Employee saving | 45th |
| 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
- Wpromote put in about $2,273 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.
- Direct plan expenses (0.57% 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.
- 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 | $1,468,336 |
| Participant (employee) contributions | $5,466,599 |
| Other contributions (incl. rollovers in) | $1,206,690 |
| Administrative expenses paid from the plan | $231,921 |
| Investment advisory & management fees | $81,763 |
| Other admin expenses | $32,470 |
| Benefits paid out | $4,058,791 |
| Net assets, start / end of year | $35.7M / $45.5M |
| Active participants, start / end of year | 566 / 726 |
| Participants with account balances | 840 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Green Hasson & Janks |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $150,158 reported compensation |
| Regatta Capital Group LLC | $81,763 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183850NAL0007066128001, received 2025-10-15, EIN 82-4550413, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.