Wieland North America, Inc. 401(k) Review & Grade
Wieland North America, Inc. Retirement Savings Plan
Louisville, KYManufacturing3,113 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,405Employer $ per active participant
$6,176Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$424.6MNet plan assets, end of year
$117,465Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 49th |
| Employee saving | 51th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $21,234 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wieland North America put in about $6,405 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 | $19,937,968 |
| Participant (employee) contributions | $19,226,629 |
| Other contributions (incl. rollovers in) | $5,208,528 |
| Administrative expenses paid from the plan | $497,056 |
| Contract administrator fees | $316,021 |
| Investment advisory & management fees | $159,135 |
| Benefits paid out | $45,483,992 |
| Net assets, start / end of year | $367.9M / $424.6M |
| Active participants, start / end of year | 3,035 / 3,191 |
| Participants with account balances | 3,615 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubin Brown, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $315,867 reported compensation |
| Towers Watson Investment | $159,135 reported compensation |
| Rubinbrown,llp | $21,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260521213851NAL0002805777001, received 2026-05-21, EIN 06-1826564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.