Wheatland Tube, LLC 401(k) Review & Grade
Zekelman Industries Collectively Bargained Employees 401(k) Plan
Chicago, ILManufacturing1,030 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,518Employer $ per active participant
$4,629Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$136.7MNet plan assets, end of year
$143,241Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost21.9 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 87th |
| Employee saving | 46th |
| 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
- Wheatland Tube put in about $2,518 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.
- 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 | $2,594,555 |
| Participant (employee) contributions | $4,770,507 |
| Other contributions (incl. rollovers in) | $327,177 |
| Administrative expenses paid from the plan | $67,539 |
| Investment advisory & management fees | $17,956 |
| Other admin expenses | $56,626 |
| Benefits paid out | $22,103,887 |
| Net assets, start / end of year | $134.4M / $136.7M |
| Active participants, start / end of year | 1,038 / 1,023 |
| Participants with account balances | 954 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz CPA S PC |
Largest service providers (Schedule C)
| Highland Consulting Associates, Inc | $56,626 reported compensation |
| Cbiz Cpas, P.C. | $18,400 reported compensation |
| Strategic Advisors, Inc. | $17,956 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013172324NAL0002473472001, received 2025-10-13, EIN 23-1327437, plan #012, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.