Westlake Management Services, Inc. 401(k) Review & Grade
Westlake Savings Plan
Houston, TXManufacturing10,696 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,791Employer $ per active participant
$7,352Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$146,122Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 48th |
| Employee saving | 39th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,310 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Westlake Management Services put in about $8,791 per active participant, more than the typical peer ($5,480). 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 | $94,037,093 |
| Participant (employee) contributions | $78,636,439 |
| Other contributions (incl. rollovers in) | $7,617,066 |
| Administrative expenses paid from the plan | $1,754,907 |
| Other admin expenses | $1,754,907 |
| Benefits paid out | $154,126,571 |
| Net assets, start / end of year | $1.8B / $2.0B |
| Active participants, start / end of year | 10,707 / 10,686 |
| Participants with account balances | 13,853 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ham, Langston & Brezina, L.L.P. |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $1,031,207 reported compensation |
| The Vanguard Group, Inc. | $716,234 reported compensation |
| Ham Langston & Brezina LLP | $37,085 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010125334NAL0004622131001, received 2025-10-10, EIN 76-0321065, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.