The Colonial Williamsburg Foundation 401(k) Review & Grade
Colonial Williamsburg Tax Deferred Savings Plan
Williamsburg, VAArts, Entertainment & Recreation1,234 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$392Employer $ per active participant
$3,811Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$101.0MNet plan assets, end of year
$78,809Average balance per account
Score breakdown
- Employer generosity13.4 / 5027th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 61th |
| Employee saving | 77th |
| Peers that auto-enroll | 38% |
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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
- Colonial Williamsburg Foundation put in about $392 per active participant, below the typical peer ($995). 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.
- 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 | $483,349 |
| Participant (employee) contributions | $4,702,414 |
| Other contributions (incl. rollovers in) | $94,708 |
| Administrative expenses paid from the plan | $157,302 |
| Other admin expenses | $157,302 |
| Benefits paid out | $8,131,079 |
| Net assets, start / end of year | $91.3M / $101.0M |
| Active participants, start / end of year | 1,519 / 949 |
| Participants with account balances | 1,282 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pbmares |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $162,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112139NAL0001278227001, received 2025-10-14, EIN 54-0505888, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.