GWP Holdings LLC 401(k) Review & Grade
GWP 401(k) Profit Sharing Retirement Plan
Sumner, WAWholesale Trade555 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,448Employer $ per active participant
$6,244Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$38.3MNet plan assets, end of year
$51,121Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 34th |
| Employee saving | 71th |
| Peers that auto-enroll | 53% |
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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
- GWP Holdings put in about $1,448 per active participant, below the typical peer ($1,792). 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 (0.36% 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.
- 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 | $803,810 |
| Participant (employee) contributions | $3,465,185 |
| Other contributions (incl. rollovers in) | $216,670 |
| Administrative expenses paid from the plan | $128,164 |
| Investment advisory & management fees | $52,172 |
| Benefits paid out | $4,317,871 |
| Net assets, start / end of year | $33.4M / $38.3M |
| Active participants, start / end of year | 576 / 534 |
| Participants with account balances | 749 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $75,992 reported compensation |
| LPL Financial LLC | $52,172 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731174933NAL0003298563001, received 2025-07-31, EIN 20-3785326, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.