Waupaca Foundry, Inc. 401(k) Review & Grade
Waupaca Foundry, Inc. Consolidated Retirement Plan
Waupaca, WIManufacturing3,334 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,185Employer $ per active participant
$6,379Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$598.5MNet plan assets, end of year
$165,021Average balance per account
Score breakdown
- Employer generosity30.8 / 5062th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 65th |
| Employee saving | 54th |
| Peers that auto-enroll | 70% |
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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
- Waupaca Foundry put in about $4,185 per active participant, more than the typical peer ($3,452). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $13,950,527 |
| Participant (employee) contributions | $21,265,446 |
| Other contributions (incl. rollovers in) | $428,379 |
| Administrative expenses paid from the plan | $460,891 |
| Contract administrator fees | $395,280 |
| Investment advisory & management fees | $55,250 |
| Benefits paid out | $65,805,135 |
| Net assets, start / end of year | $564.4M / $598.5M |
| Active participants, start / end of year | 3,382 / 3,285 |
| Participants with account balances | 3,627 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $373,498 reported compensation |
| Robert W Baird and Co in | $123,294 reported compensation |
| Alpha Investment Consult | $74,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013133117NAL0000654419001, received 2025-10-13, EIN 39-0880924, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.