Wright Service Corp. 401(k) Review & Grade
Wright Service Corp. 401(k) Retirement Plan
West Des Moines, IAAgriculture, Forestry, Fishing & Hunting2,666 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13Employer $ per active participant
$4,647Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$86.6MNet plan assets, end of year
$30,732Average balance per account
Score breakdown
- Employer generosity2.3 / 505th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 15th |
| Employee saving | 48th |
| Peers that auto-enroll | 52% |
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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 ($12,458 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
- Wright Service put in about $13 per active participant, below the typical peer ($2,062). 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 (0.44% of assets) are well above similar-size plans (0.12%). 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 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 | $34,535 |
| Participant (employee) contributions | $12,387,481 |
| Other contributions (incl. rollovers in) | $876,046 |
| Administrative expenses paid from the plan | $349,255 |
| Contract administrator fees | $349,255 |
| Benefits paid out | $10,707,277 |
| Net assets, start / end of year | $71.8M / $86.6M |
| Active participants, start / end of year | 2,790 / 2,541 |
| Participants with account balances | 2,819 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $349,255 reported compensation |
| Principal Securities Inc | $104,942 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715092519NAL0002753857001, received 2026-07-15, EIN 42-1206493, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.