Prolec-Ge Waukesha, Inc. 401(k) Review & Grade
Prolec-Ge Waukesha, Inc. Retirement Savings Plan
Waukesha, WIManufacturing1,294 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,321Employer $ per active participant
$6,543Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$48.4MNet plan assets, end of year
$38,249Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost12.6 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 51th |
| Employee saving | 69th |
| Peers that auto-enroll | 59% |
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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
- Prolec-Ge Waukesha put in about $3,321 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.
- 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 | $4,299,473 |
| Participant (employee) contributions | $8,469,705 |
| Other contributions (incl. rollovers in) | $2,121,289 |
| Administrative expenses paid from the plan | $91,685 |
| Investment advisory & management fees | $14,393 |
| Benefits paid out | $4,571,167 |
| Net assets, start / end of year | $33.0M / $48.4M |
| Active participants, start / end of year | 1,240 / 1,349 |
| Participants with account balances | 1,265 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Vrakas S.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $77,292 reported compensation |
| Strategic Advisors, Inc. | $14,393 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251204115002NAL0003270688001, received 2025-12-04, EIN 39-1139625, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.