Wilbur-Ellis Holdings, Inc. 401(k) Review & Grade
Wilbur-Ellis 401(k) Plan
Denver, COWholesale Trade2,951 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,318Employer $ per active participant
$7,410Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$398.0MNet plan assets, end of year
$84,509Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 72th |
| Employee saving | 85th |
| Peers that auto-enroll | 62% |
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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 ($25,703 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $10,406 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wilbur-Ellis Holdings put in about $3,318 per active participant, more than the typical peer ($2,459). 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 | $9,790,938 |
| Participant (employee) contributions | $21,867,141 |
| Other contributions (incl. rollovers in) | $3,170,131 |
| Administrative expenses paid from the plan | $236,685 |
| Contract administrator fees | $900 |
| Benefits paid out | $47,567,085 |
| Net assets, start / end of year | $362.8M / $398.0M |
| Active participants, start / end of year | 3,013 / 2,889 |
| Participants with account balances | 4,710 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hood & Strong, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $236,685 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152759NAL0002551539001, received 2025-10-15, EIN 46-2652182, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.