Wesco Distribution, Inc. 401(k) Review & Grade
Wesco Distribution, Inc. Retirement Savings Plan
Pittsburgh, PAWholesale Trade13,154 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,919Employer $ per active participant
$7,582Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.9BNet plan assets, end of year
$116,051Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 59th |
| Employee saving | 91th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,029 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wesco Distribution put in about $3,919 per active participant, more than the typical peer ($2,420). 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 | $51,547,700 |
| Participant (employee) contributions | $99,723,931 |
| Other contributions (incl. rollovers in) | $14,569,465 |
| Administrative expenses paid from the plan | $1,265,618 |
| Contract administrator fees | $4,200 |
| Investment advisory & management fees | $273,315 |
| Other admin expenses | $71,250 |
| Benefits paid out | $202,396,847 |
| Net assets, start / end of year | $1.7B / $1.9B |
| Active participants, start / end of year | 13,161 / 13,146 |
| Participants with account balances | 16,505 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $11,417,041 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $828,779 reported compensation |
| Strategic Advisors, Inc. | $273,315 reported compensation |
| Bdo | $79,916 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002101139NAL0000536336001, received 2025-10-02, EIN 25-1723345, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.