Welldyne RX LLC. 401(k) Review & Grade
Welldyne RX 401k Retirement Plan
Lakeland, FLRetail Trade650 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,097Employer $ per active participant
$4,985Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$32.7MNet plan assets, end of year
$62,343Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 54th |
| Employee saving | 81th |
| 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
- Welldyne RX put in about $2,097 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 | $1,362,068 |
| Participant (employee) contributions | $3,238,040 |
| Other contributions (incl. rollovers in) | $658,302 |
| Administrative expenses paid from the plan | $61,389 |
| Benefits paid out | $3,495,890 |
| Net assets, start / end of year | $27.3M / $32.7M |
| Active participants, start / end of year | 650 / 649 |
| Participants with account balances | 524 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Price Kubecka PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $41,575 reported compensation |
| Resources Investment Advisors, Inc. | $19,813 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915050335NAL0000522787001, received 2025-09-15, EIN 84-1515837, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.