Innio Waukesha Gas Engines, Inc. 401(k) Review & Grade
Waukesha Gas Engines 401(k) Plan
Waukesha, WIManufacturing504 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,029Employer $ per active participant
$11,809Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$62.8MNet plan assets, end of year
$101,041Average balance per account
Score breakdown
- Employer generosity47.5 / 5095th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 61th |
| Employee saving | 94th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,418 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Innio Waukesha Gas Engines put in about $9,029 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,550,831 |
| Participant (employee) contributions | $5,951,547 |
| Other contributions (incl. rollovers in) | $4,417,009 |
| Administrative expenses paid from the plan | $88,299 |
| Investment advisory & management fees | $8,048 |
| Benefits paid out | $4,818,257 |
| Net assets, start / end of year | $45.8M / $62.8M |
| Active participants, start / end of year | 476 / 532 |
| Participants with account balances | 622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $80,251 reported compensation |
| Strategic Advisors, Inc. | $8,048 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260109143324NAL0010238785001, received 2026-01-09, EIN 04-3201571, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.