W. W. Wood Products, Inc. 401(k) Review & Grade
W.W. Wood Products, Inc. 401k Plan
Dudley, MOManufacturing1,322 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$998Employer $ per active participant
$2,397Employee $ saved per active participant
0.81%Direct admin cost, % of plan assets
$29.4MNet plan assets, end of year
$22,071Average balance per account
Score breakdown
- Employer generosity8.4 / 5017th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 10th |
| Employee saving | 16th |
| 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
- W. W. Wood Products put in about $998 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.81% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,318,782 |
| Participant (employee) contributions | $3,167,012 |
| Other contributions (incl. rollovers in) | $56,253 |
| Administrative expenses paid from the plan | $213,576 |
| Investment advisory & management fees | $15,398 |
| Benefits paid out | $1,497,818 |
| Net assets, start / end of year | $23.2M / $29.4M |
| Active participants, start / end of year | 1,285 / 1,358 |
| Participants with account balances | 1,334 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $198,178 reported compensation |
| Osaic Wealth Inc | $71,163 reported compensation |
| Leafhouse Financial Advisors, LLC | $15,398 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250618123600NAL0005768946003, received 2025-06-18, EIN 43-1125202, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.