West Technology Group, LLC 401(k) Review & Grade
West Technology Group, LLC 401(k) Retirement Plan
Islandia, NYInformation1,816 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,141Employer $ per active participant
$4,092Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$214.5MNet plan assets, end of year
$130,768Average balance per account
Score breakdown
- Employer generosity10.5 / 5021th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 79th |
| Employee saving | 15th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($18,748 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- West Technology Group put in about $1,141 per active participant, below the typical peer ($2,829). 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.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,071,743 |
| Participant (employee) contributions | $7,433,783 |
| Other contributions (incl. rollovers in) | $1,306,315 |
| Administrative expenses paid from the plan | $172,286 |
| Contract administrator fees | $99,787 |
| Investment advisory & management fees | $54,999 |
| Benefits paid out | $44,031,030 |
| Net assets, start / end of year | $224.2M / $214.5M |
| Active participants, start / end of year | 2,007 / 1,626 |
| Participants with account balances | 1,640 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bland & Associates P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $104,812 reported compensation |
| Wells Fargo Advisors Fin Network | $67,500 reported compensation |
| West Technology Group | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008152106NAL0003108387001, received 2025-10-08, EIN 47-0777362, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.