Matthew Warren Inc. DBA MW Industries Inc 401(k) Review & Grade
MW Industries, Inc. Consolidated Employer Retirement Savings Plan · d/b/a MW Industries, Inc.
Rosemont, ILManufacturing1,845 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,708Employer $ per active participant
$5,496Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$195.6MNet plan assets, end of year
$61,096Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 61th |
| Employee saving | 59th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Matthew Warren Inc. DBA MW Industries put in about $2,708 per active participant, more than the typical peer ($2,320). 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 | $4,996,901 |
| Participant (employee) contributions | $10,139,440 |
| Other contributions (incl. rollovers in) | $1,521,901 |
| Administrative expenses paid from the plan | $292,258 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $64,147 |
| Benefits paid out | $33,771,729 |
| Net assets, start / end of year | $162.1M / $195.6M |
| Active participants, start / end of year | 1,668 / 2,022 |
| Participants with account balances | 3,202 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $231,714 reported compensation |
| Cbiz Investment Advisory Services | $64,147 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006104034NAL0006260496001, received 2025-10-06, EIN 38-2938499, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.