Wilson Trailer Company 401(k) Review & Grade
Wilson Trailer Company Retirement Plan for Production Employees
Sioux City, IAManufacturing593 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,501Employer $ per active participant
$1,847Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$43.7MNet plan assets, end of year
$85,842Average balance per account
Score breakdown
- Employer generosity27.0 / 5054th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 50th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Wilson Trailer put in about $2,501 per active participant, more than the typical peer ($2,320). 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 | $1,482,990 |
| Participant (employee) contributions | $1,095,418 |
| Other contributions (incl. rollovers in) | $39,748 |
| Administrative expenses paid from the plan | $98,432 |
| Investment advisory & management fees | $41,037 |
| Benefits paid out | $5,291,456 |
| Net assets, start / end of year | $41.6M / $43.7M |
| Active participants, start / end of year | 635 / 551 |
| Participants with account balances | 509 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Henjes Conner & Williams PC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $48,145 reported compensation |
| Intellicents Investment Servic | $41,037 reported compensation |
| Henjes Conner & Williams PC | $9,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111224NAL0003736336001, received 2025-10-14, EIN 42-0603090, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.