Westerwood Global USA Corporation 401(k) Review & Grade
Wgnstar 401(k) Plan
Ballston Spa, NYProfessional, Scientific & Technical Services630 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$252Employer $ per active participant
$1,273Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$3.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.7 / 509th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 156th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 34th |
| Employee saving | 6th |
| Peers that auto-enroll | 48% |
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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 ($33,901 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
- Westerwood Global USA put in about $252 per active participant, below the typical peer ($3,082). 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $159,100 |
| Participant (employee) contributions | $802,550 |
| Other contributions (incl. rollovers in) | $247,251 |
| Administrative expenses paid from the plan | $9,329 |
| Contract administrator fees | $9,329 |
| Benefits paid out | $266,117 |
| Net assets, start / end of year | $1.7M / $3.4M |
| Active participants, start / end of year | 574 / 687 |
| Participants with account balances | 243 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lutz, Selig & Zeronda, Cpas, LLP |
Largest service providers (Schedule C)
| Usi Consulting Group Inc | $9,109 reported compensation |
| Empower Annuity Insurance Company | $2,159 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260128093800NAL0006499554001, received 2026-01-28, EIN 80-0905560, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.