Wash Depot Holdings, Inc. 401(k) Review & Grade
Wash Depot Holdings, Inc. 401k Plan
FT. Lauderdale, FLOther Services861 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$443Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$8.4MNet 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 cost19.6 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 78th |
| Employee saving | 10th |
| Peers that auto-enroll | 40% |
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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
- Wash Depot Holdings put in about $1 per active participant, below the typical peer ($1,257). 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.
- 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 | $465 |
| Participant (employee) contributions | $381,277 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $6,505 |
| Contract administrator fees | $4,701 |
| Other admin expenses | $1,804 |
| Benefits paid out | $280,307 |
| Net assets, start / end of year | $7.3M / $8.4M |
| Active participants, start / end of year | 877 / 845 |
| Participants with account balances | 185 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Belfint Lyons & Shuman |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415105536NAL0034522882001, received 2026-04-15, EIN 58-2280863, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.