Wiese USA, Inc. 401(k) Review & Grade
Wiese Profit Sharing and 401(k) Plan
Saint Louis, MOOther Services1,278 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,520Employer $ per active participant
$6,162Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$150.7MNet plan assets, end of year
$108,967Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost24.4 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 97th |
| Employee saving | 82th |
| Peers that auto-enroll | 40% |
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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 ($190,810 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
- Wiese USA put in about $4,520 per active participant, more than the typical peer ($1,257). 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.
- 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 | $5,774,626 |
| Participant (employee) contributions | $7,871,748 |
| Other contributions (incl. rollovers in) | $252,656 |
| Administrative expenses paid from the plan | $16,433 |
| Investment advisory & management fees | $6,583 |
| Benefits paid out | $12,545,334 |
| Net assets, start / end of year | $134.7M / $150.7M |
| Active participants, start / end of year | 1,361 / 1,194 |
| Participants with account balances | 1,383 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubrinbrown,llp |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $9,851 reported compensation |
| Empower Advisory Group, LLC | $6,583 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009151228NAL0003692947001, received 2025-10-09, EIN 43-0633084, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.