WSB & Associates, Inc. 401(k) Review & Grade
WSB & Associates, Inc. 401(k) New Comparability Plan and Trust
Minneapolis, MNProfessional, Scientific & Technical Services1,066 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,335Employer $ per active participant
$7,599Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$123.9MNet plan assets, end of year
$87,076Average balance per account
Score breakdown
- Employer generosity27.5 / 5055th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 71th |
| Employee saving | 39th |
| 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
- WSB & Associates put in about $3,335 per active participant, more than the typical peer ($3,082). 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.
- 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 | $3,556,641 |
| Participant (employee) contributions | $8,104,732 |
| Other contributions (incl. rollovers in) | $3,040,030 |
| Administrative expenses paid from the plan | $121,494 |
| Contract administrator fees | $36,959 |
| Investment advisory & management fees | $51,660 |
| Benefits paid out | $14,299,670 |
| Net assets, start / end of year | $90.6M / $123.9M |
| Active participants, start / end of year | 804 / 1,329 |
| Participants with account balances | 1,423 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ellingson & Ellingson, LTD |
Largest service providers (Schedule C)
| Resource Investment Advisors | $103,320 reported compensation |
| John Hancock Life Insurance Company | $2,492 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145024NAL0003343554001, received 2025-10-13, EIN 41-1820018, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.