West Coast Materials, Inc. 401(k) Review & Grade
West Coast Materials, Inc. 401(k) Profit Sharing Plan
Buena Park, CAWholesale Trade642 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,796Employer $ per active participant
$6,087Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$51.2MNet plan assets, end of year
$66,970Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost11.6 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 47th |
| Employee saving | 69th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $29,218 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- West Coast Materials put in about $2,796 per active participant, more than the typical peer ($1,792). 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 | $1,793,800 |
| Participant (employee) contributions | $3,904,871 |
| Other contributions (incl. rollovers in) | $419,240 |
| Administrative expenses paid from the plan | $120,546 |
| Investment advisory & management fees | $28,000 |
| Benefits paid out | $4,155,579 |
| Net assets, start / end of year | $43.1M / $51.2M |
| Active participants, start / end of year | 600 / 683 |
| Participants with account balances | 765 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wright Ford Young & Co. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $78,046 reported compensation |
| Global Retirement Partners LLC | $28,000 reported compensation |
| Wright Ford Young & Co | $14,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002175103NAL0000478931001, received 2025-10-02, EIN 20-5371599, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.