S.T. Wooten Corporation 401(k) Review & Grade
S.T. Wooten Corporation 401(k) Retirement Plan
Wilson, NCConstruction989 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,991Employer $ per active participant
$5,239Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$74.4MNet plan assets, end of year
$67,102Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost9.4 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 37th |
| Employee saving | 68th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $18,802 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- S.T. Wooten put in about $1,991 per active participant, more than the typical peer ($1,672). 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 | $1,968,931 |
| Participant (employee) contributions | $5,181,405 |
| Other contributions (incl. rollovers in) | $146,477 |
| Administrative expenses paid from the plan | $226,423 |
| Investment advisory & management fees | $75,000 |
| Benefits paid out | $5,544,025 |
| Net assets, start / end of year | $64.1M / $74.4M |
| Active participants, start / end of year | 944 / 1,034 |
| Participants with account balances | 1,109 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs & Ingram, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $151,423 reported compensation |
| Capfinancial Partners, LLC. | $75,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125220NAL0000614963001, received 2025-10-13, EIN 56-0669182, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.