Western Diversified Plastics, LLC 401(k) Review & Grade
Western Diversified Plastics, LLC 401(k) Plan
Mattawan, MIManufacturing536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,465Employer $ per active participant
$1,476Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
$15,475Average balance per account
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 14th |
| Employee saving | 7th |
| Peers that auto-enroll | 59% |
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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
- Western Diversified Plastics put in about $1,465 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.
- Direct plan expenses (0.68% of assets) are well above similar-size plans (0.23%). 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 | $785,994 |
| Participant (employee) contributions | $791,633 |
| Other contributions (incl. rollovers in) | $28,347 |
| Administrative expenses paid from the plan | $57,001 |
| Benefits paid out | $1,273,114 |
| Net assets, start / end of year | $7.8M / $9.0M |
| Active participants, start / end of year | 541 / 532 |
| Participants with account balances | 580 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kruggel Lawton & Company, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $57,001 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013064906NAL0000333747001, received 2025-10-13, EIN 04-3807855, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.