Weg Electric Corp. 401(k) Review & Grade
Weg U.S. 401(k) Retirement Plan
Duluth, GAManufacturing1,158 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,646Employer $ per active participant
$5,387Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$109.6MNet plan assets, end of year
$82,877Average balance per account
Score breakdown
- Employer generosity28.4 / 5057th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 53th |
| Employee saving | 57th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $115,501 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Weg Electric put in about $2,646 per active participant, more than the typical peer ($2,320). 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 | $3,065,727 |
| Participant (employee) contributions | $6,241,239 |
| Other contributions (incl. rollovers in) | $28,815,495 |
| Administrative expenses paid from the plan | $185,271 |
| Investment advisory & management fees | $36,088 |
| Other admin expenses | $300 |
| Benefits paid out | $9,966,020 |
| Net assets, start / end of year | $69.1M / $109.6M |
| Active participants, start / end of year | 1,147 / 1,170 |
| Participants with account balances | 1,323 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moore Colson |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $148,883 reported compensation |
| Cambridge Investment Research Inc | $36,088 reported compensation |
| Qdro Consultants Company, LLC | $300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014164327NAL0003433937001, received 2025-10-14, EIN 65-0280210, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.