WS Market LLC. 401(k) Review & Grade
WS Market LLC. 401(k) Plan · d/b/a Westside Markets Nyc
New York, NYRetail Trade503 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$0Employer $ per active participant
$98Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$91,641Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.6 / 505th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 33th |
| Employee saving | 1th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- WS Market put in about $0 per active participant, below the typical peer ($743). 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 (0.37% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $174 |
| Participant (employee) contributions | $49,459 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $234 |
| Benefits paid out | $0 |
| Net assets, start / end of year | $35,392 / $91,641 |
| Active participants, start / end of year | 443 / 563 |
| Participants with account balances | 9 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251008094006NAL0013047202001, received 2025-10-08, EIN 06-1738810, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.