Welspun Tubular, LLC 401(k) Review & Grade
Welspun Tubular, LLC Retirement Savings Plan
Little Rock, ARManufacturing587 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,031Employer $ per active participant
$2,852Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$16.4MNet plan assets, end of year
$20,822Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 14th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,040 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Welspun Tubular put in about $2,031 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 (0.68% 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.
- 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 | $1,192,034 |
| Participant (employee) contributions | $1,674,182 |
| Other contributions (incl. rollovers in) | $63,192 |
| Administrative expenses paid from the plan | $100,217 |
| Investment advisory & management fees | $1,773 |
| Benefits paid out | $1,356,054 |
| Net assets, start / end of year | $13.0M / $16.4M |
| Active participants, start / end of year | 597 / 577 |
| Participants with account balances | 789 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HCJ Cpas & Advisors PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $87,842 reported compensation |
| Mmlis | $20,059 reported compensation |
| Saxony Securities Inc | $11,870 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009131839NAL0007051873001, received 2025-10-09, EIN 74-3197599, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.