Wilson Electric Services Corporation 401(k) Review & Grade
Wilson Electric 401(k) Plan
Tempe, AZConstruction810 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$256Employer $ per active participant
$1,888Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$21.8MNet plan assets, end of year
$49,517Average balance per account
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 27th |
| Employee saving | 20th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $58,330 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wilson Electric Services put in about $256 per active participant, below the typical peer ($1,672). 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 (0.44% 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 | $207,551 |
| Participant (employee) contributions | $1,528,669 |
| Other contributions (incl. rollovers in) | $88,544 |
| Administrative expenses paid from the plan | $89,640 |
| Investment advisory & management fees | $30,451 |
| Benefits paid out | $1,182,962 |
| Net assets, start / end of year | $19.0M / $21.8M |
| Active participants, start / end of year | 719 / 900 |
| Participants with account balances | 440 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mansperger, Paterson & Mcmullin PLC |
Largest service providers (Schedule C)
| John Hancock Life Insurance Co. | $59,213 reported compensation |
| PNC Institutional Asset MGT | $30,427 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905105140NAL0028758352001, received 2025-09-05, EIN 75-3091289, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.