Weston & Sampson 401(k) Review & Grade
Weston & Sampson 401(k) and Profit Sharing Plan
Reading, MAProfessional, Scientific & Technical Services845 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,302Employer $ per active participant
$9,284Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$150.3MNet plan assets, end of year
$166,483Average balance per account
Score breakdown
- Employer generosity19.0 / 5038th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1552th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 96th |
| Employee saving | 52th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $47,409 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Weston & Sampson put in about $2,302 per active participant, below the typical peer ($3,082). 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 | $1,944,862 |
| Participant (employee) contributions | $7,844,733 |
| Other contributions (incl. rollovers in) | $1,777,185 |
| Administrative expenses paid from the plan | $21,736 |
| Investment advisory & management fees | $95,402 |
| Benefits paid out | $13,448,332 |
| Net assets, start / end of year | $127.7M / $150.3M |
| Active participants, start / end of year | 767 / 923 |
| Participants with account balances | 903 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tonneson Company PC |
Largest service providers (Schedule C)
| Morgan Stanley Wealth Management | $65,000 reported compensation |
| Strategic Advisors, Inc. | $30,402 reported compensation |
| Fidelity Investments Institutional | −$73,666 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014090743NAL0002377729001, received 2025-10-14, EIN 04-2601194, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.