Western Stone & Metal Corp. 401(k) Review & Grade
Western Stone & Metal Corp. 401(k) Plan
Centennial, CORetail Trade761 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,294Employer $ per active participant
$3,552Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$42.2MNet plan assets, end of year
$70,330Average balance per account
Score breakdown
- Employer generosity35.4 / 5071th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 51th |
| Employee saving | 59th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,372 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Western Stone & Metal put in about $1,294 per active participant, more than the typical peer ($743). 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.
- 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 | $984,379 |
| Participant (employee) contributions | $2,703,062 |
| Other contributions (incl. rollovers in) | $9,632 |
| Administrative expenses paid from the plan | $88,574 |
| Other admin expenses | $88,574 |
| Benefits paid out | $4,451,016 |
| Net assets, start / end of year | $37.8M / $42.2M |
| Active participants, start / end of year | 780 / 742 |
| Participants with account balances | 600 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $88,819 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912114930NAL0000800659001, received 2025-09-12, EIN 84-0613760, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.