Windsor Fashions, Inc. 401(k) Review & Grade
Windsor Fashions 401(k) Savings Plan
Santa Fe Springs, CARetail Trade1,010 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,082Employer $ per active participant
$2,891Employee $ saved per active participant
1.44%Direct admin cost, % of plan assets
$14.8MNet plan assets, end of year
$13,144Average balance per account
Score breakdown
- Employer generosity32.2 / 5064th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 3th |
| Employee saving | 48th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $42,465 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Windsor Fashions put in about $1,082 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (1.44% 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.
- 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 | $1,093,564 |
| Participant (employee) contributions | $2,921,718 |
| Other contributions (incl. rollovers in) | $40,472 |
| Administrative expenses paid from the plan | $184,547 |
| Investment advisory & management fees | $40,338 |
| Benefits paid out | $1,377,682 |
| Net assets, start / end of year | $10.8M / $14.8M |
| Active participants, start / end of year | 1,047 / 974 |
| Participants with account balances | 1,124 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fineman West & Co. LLP |
Largest service providers (Schedule C)
| Wipfli LLP | $144,209 reported compensation |
| Creative Planning, LLC | $40,338 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007101203NAL0004602753001, received 2025-10-07, EIN 95-2599845, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.