Swva, Inc. 401(k) Review & Grade
Swva, Inc. Collective Bargaining Unit Retirement Plan
Huntington, WVManufacturing526 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,855Employer $ per active participant
$3,609Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$52.9MNet plan assets, end of year
$88,394Average balance per account
Score breakdown
- Employer generosity36.7 / 5073th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 54th |
| Employee saving | 32th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($676,564 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,432 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Swva put in about $3,855 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,025,874 |
| Participant (employee) contributions | $1,896,777 |
| Other contributions (incl. rollovers in) | $32,301 |
| Administrative expenses paid from the plan | $100,817 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $49,589 |
| Benefits paid out | $5,581,304 |
| Net assets, start / end of year | $48.1M / $52.9M |
| Active participants, start / end of year | 534 / 517 |
| Participants with account balances | 598 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Haines Isenbarger & Skiba, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $51,228 reported compensation |
| PNC Bank National Association | $46,260 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260714133718NAL0002070512001, received 2026-07-14, EIN 55-0621605, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.