World Insurance Associates LLC 401(k) Review & Grade
World Retirement Plan
Iselin, NJFinance & Insurance2,596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,022Employer $ per active participant
$6,255Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$149.2MNet plan assets, end of year
$67,247Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 94th |
| Employee saving | 22th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($7,264 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- World Insurance Associates put in about $3,022 per active participant, below the typical peer ($4,489). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $7,844,050 |
| Participant (employee) contributions | $16,237,266 |
| Other contributions (incl. rollovers in) | $17,660,439 |
| Administrative expenses paid from the plan | $24,601 |
| Investment advisory & management fees | $6,074 |
| Benefits paid out | $8,933,858 |
| Net assets, start / end of year | $91.6M / $149.2M |
| Active participants, start / end of year | 2,415 / 2,777 |
| Participants with account balances | 2,219 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith & Brown P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $30,334 reported compensation |
| Cota Street Investment Management | $6,074 reported compensation |
| Charles Schwab & Co., Inc. | $3,978 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260303083710NAL0001290339001, received 2026-03-03, EIN 45-3601219, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.