W. W. Wallwork, Inc. 401(k) Review & Grade
W. W. Wallwork, Inc. 401(k) Profit Sharing Plan
Fargo, NDRetail Trade516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,982Employer $ per active participant
$6,461Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$51.1MNet plan assets, end of year
$82,403Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 53th |
| Employee saving | 94th |
| Peers that auto-enroll | 48% |
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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
- W. W. Wallwork put in about $1,982 per active participant, more than the typical peer ($743). 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 | $1,021,573 |
| Participant (employee) contributions | $3,330,536 |
| Other contributions (incl. rollovers in) | $366,506 |
| Administrative expenses paid from the plan | $102,625 |
| Investment advisory & management fees | $19,291 |
| Benefits paid out | $7,472,047 |
| Net assets, start / end of year | $48.1M / $51.1M |
| Active participants, start / end of year | 489 / 542 |
| Participants with account balances | 620 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brady Martz & Associates, P.C. |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $83,334 reported compensation |
| Alerus Investment Advisors, Inc. | $19,291 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623124901NAL0015476546001, received 2025-06-23, EIN 45-0394131, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.