W.D. Wright Contracting, Inc. 401(k) Review & Grade
W.D. Wright Contracting, Inc Profit Sharing / 401(k) Plan
Beaver, PAConstruction3,044 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$29Employer $ per active participant
$150Employee $ saved per active participant
1.12%Direct admin cost, % of plan assets
$2.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.3 / 503th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 4th |
| Employee saving | 1th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $104,043 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- W.D. Wright Contracting put in about $29 per active participant, below the typical peer ($1,965). 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 (1.12% 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.
- 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 | $87,747 |
| Participant (employee) contributions | $457,995 |
| Other contributions (incl. rollovers in) | $5,712 |
| Administrative expenses paid from the plan | $29,087 |
| Benefits paid out | $795,017 |
| Net assets, start / end of year | $2.4M / $2.8M |
| Active participants, start / end of year | 3,060 / 3,029 |
| Participants with account balances | 161 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251003114449NAL0000785011001, received 2025-10-03, EIN 25-1391346, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.