Wagman, Inc. 401(k) Review & Grade
The Profit Sharing and Retirement Plan of Wagman, Inc.
York, PAConstruction522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$17,647Employer $ per active participant
$6,337Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$93.5MNet plan assets, end of year
$143,807Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 81th |
| Employee saving | 78th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Wagman put in about $17,647 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.
- 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 | $9,203,002 |
| Participant (employee) contributions | $3,304,709 |
| Other contributions (incl. rollovers in) | $431,362 |
| Administrative expenses paid from the plan | $61,623 |
| Investment advisory & management fees | $10,212 |
| Other admin expenses | $7,419 |
| Benefits paid out | $8,990,539 |
| Net assets, start / end of year | $80.5M / $93.5M |
| Active participants, start / end of year | 467 / 576 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mckonly & Asbury, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $36,782 reported compensation |
| Vanguard Advisers Inc. | $10,212 reported compensation |
| Mckonly & Asbury, LLP | $6,760 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002130012NAL0000830896001, received 2025-10-02, EIN 23-2200489, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.