West Fraser, Inc. 401(k) Review & Grade
West Fraser, Inc. 401(k) Plan
Germantown, TNManufacturing2,808 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,616Employer $ per active participant
$6,550Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$322.2MNet plan assets, end of year
$82,687Average balance per account
Score breakdown
- Employer generosity40.5 / 5081th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 57th |
| Employee saving | 55th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- West Fraser put in about $6,616 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 | $18,581,177 |
| Participant (employee) contributions | $18,396,721 |
| Other contributions (incl. rollovers in) | $2,281,482 |
| Administrative expenses paid from the plan | $309,706 |
| Contract administrator fees | $5,400 |
| Investment advisory & management fees | $126,523 |
| Other admin expenses | $13,500 |
| Benefits paid out | $42,001,112 |
| Net assets, start / end of year | $287.0M / $322.2M |
| Active participants, start / end of year | 2,479 / 3,138 |
| Participants with account balances | 3,897 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas PC. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $169,683 reported compensation |
| Strategic Advisors, Inc. | $126,523 reported compensation |
| Morgan Stanley | $13,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006105553NAL0003298929001, received 2025-10-06, EIN 72-1489951, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.