The Wenger Group, Inc. 401(k) Review & Grade
The Wenger Group Profit Sharing Plan
Lancaster, PAManufacturing892 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,341Employer $ per active participant
$5,549Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$68.0MNet plan assets, end of year
$61,501Average balance per account
Score breakdown
- Employer generosity25.3 / 5051th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 41th |
| Employee saving | 59th |
| 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 ($166,482 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Wenger Group put in about $2,341 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 | $2,086,789 |
| Participant (employee) contributions | $4,947,098 |
| Other contributions (incl. rollovers in) | $461,229 |
| Administrative expenses paid from the plan | $189,892 |
| Investment advisory & management fees | $128,397 |
| Benefits paid out | $6,974,662 |
| Net assets, start / end of year | $60.2M / $68.0M |
| Active participants, start / end of year | 868 / 915 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mckonly & Asbury LLP |
Largest service providers (Schedule C)
| Janney Montgomery Scott LLC | $127,455 reported compensation |
| Empower Annuity Insurance Company | $61,495 reported compensation |
| Empower Advisory Group, LLC | $942 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015073155NAL0004236817001, received 2025-10-15, EIN 32-0477343, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.