WWL Vehicle Services Americas, Inc. 401(k) Review & Grade
Wallenius Wilhelmsen Group of Companies 401(k) Plan
Parsippany, NJOther Services2,841 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,852Employer $ per active participant
$3,909Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$228.3MNet plan assets, end of year
$63,679Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 40th |
| Employee saving | 68th |
| Peers that auto-enroll | 45% |
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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
- WWL Vehicle Services Americas put in about $2,852 per active participant, more than the typical peer ($1,132). 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 | $8,103,403 |
| Participant (employee) contributions | $11,105,487 |
| Other contributions (incl. rollovers in) | $2,018,471 |
| Administrative expenses paid from the plan | $362,290 |
| Investment advisory & management fees | $33,333 |
| Benefits paid out | $18,643,961 |
| Net assets, start / end of year | $194.4M / $228.3M |
| Active participants, start / end of year | 2,597 / 3,085 |
| Participants with account balances | 3,585 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frazier & Deeter |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $312,097 reported compensation |
| Strategic Advisors, Inc. | $33,333 reported compensation |
| Frazier and Deeter | $17,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001091316NAL0012971073001, received 2025-10-01, EIN 95-2592758, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.