Weber-Stephen Products LLC 401(k) Review & Grade
The Weber-Stephen Products LLC 401(k) Incentive Savings Plan
Palatine, ILManufacturing1,152 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,862Employer $ per active participant
$6,616Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$119.2MNet plan assets, end of year
$85,908Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 94th |
| Employee saving | 70th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Weber-Stephen Products put in about $1,862 per active participant, below the typical peer ($2,320). 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.
- 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 | $2,144,040 |
| Participant (employee) contributions | $7,618,498 |
| Other contributions (incl. rollovers in) | $1,218,047 |
| Administrative expenses paid from the plan | $27,078 |
| Benefits paid out | $12,761,125 |
| Net assets, start / end of year | $105.0M / $119.2M |
| Active participants, start / end of year | 1,176 / 1,127 |
| Participants with account balances | 1,388 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $27,078 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003112248NAL0000814211001, received 2025-10-03, EIN 27-4002685, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.