Skip to content
Grade My 401(k)
Built by Basic Capital
1 issue

Wescon Controls, LLC

46-0808728· Wichita, KS· Newport Group· 2024 filing· vs 2,149 plans your size in your industry
C
0/100
Overall grade

Middle of the pack, with clear ways to do better.

D
Fees
C
Financial Wellness
B
Plan design
B
Compliance
Fees

Your plan pays around 62 bps of assets per year. Similar plans pay around 34 bps. Your plan is more expensive than about 85% of similar plans.

D
cheaper85th percentilepricier
Financial Wellness

Middle-of-the-pack savings. Employees put away $4,067/employee a year. That's about average for plans this size.

C
lower63th percentilehigher
Plan design

Well-designed. Has the features that matter most.

B
Employer contributes via profit sharing
No standard match, but the employer puts money in through profit sharing. Often a flat percentage to everyone, which works like a match for employees.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health

1 item to review, nothing critical.

B
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
Compare

How does Wescon Controls, LLC stack up against another company?

Search a competitor to see the two report cards side by side.

Prefer to use your EIN?

Recordkeeper
Newport Group

No provider notes available.

Key insights

  • Strongest area: compliance & health. 1 item to review, nothing critical.
  • Best place to improve: fees. Your plan pays around 62 bps of assets per year. Similar plans pay around 34 bps. Your plan is more expensive than about 85% of similar plans.
Ask about your plan
Grounded in your Form 5500 data
Live

Try asking:

Shift+Enter for new line · Enter to send