Wood Ranch USA 401(k) match, vesting and fees
What Wood Ranch USA's 401(k) plan says about matching contributions
The Company matches 100 percent of participant contributions that do not exceed 3 percent of compensation, plus 50 percent of the next 2 percent of compensation for a maximum of 4 percent of compensation under a safe harbor provision, as defined in the plan document.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 35 ↗ |
| Match vesting | Participants are immediately vested in all contributions plus actual earnings thereon. | Audit report, p. 35 ↗ |
| Roth contributions | Participants may contribute up to 90 percent of annual compensation in pre-tax or Roth deferrals, as defined in the plan document and allowed by law. | Audit report, p. 35 ↗ |
| Loans | Participants may borrow the lesser of $50,000 (reduced by the participant’s highest outstanding loan balance during the 12-month period ending on the date of the loan) or 50 percent of their vested account balance. Loan terms range up to five years but may be extended if the proceeds are to be used for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest ranging from 9.0 to 9.5 percent. | Audit report, p. 36 ↗ |
| Recordkeeper | Merrill Lynch Pierce Fenner & Smith | Schedule C ↗ |
| Independent auditor | Pension Assurance LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,100 defined-contribution plans in accommodation and food services with 100 to 499 participants.
| Wood Ranch USA: employer contribution per participant | $2,445 | |
| Peer median | $935 |
| Wood Ranch USA: average balance | $17,757 | |
| Peer median | $24,052 |
| Wood Ranch USA: admin expenses ÷ assets | 0.50% | |
| Peer median | 0.61% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $120K at the end of plan year 2021 to $3.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,035 | $3.6M | $501K | $2,445 | 0.50% | Quoted in the audit report, p. 35 ↗ | Form 5500 ↗ |
| 2023 | 823 | $2.1M | $390K | $2,467 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 685 | $822K | $244K | $2,175 | 0.15% | Not published | Form 5500 ↗ |
| 2021 | 623 | $120K | — | — | 0.45% | Not published | Form 5500 ↗ |
Common questions
Does Wood Ranch USA match 401(k) contributions?
The audit report attached to the Wood Ranch 401(k) Plan's plan year 2024 Form 5500, page 35 says: “The Company matches 100 percent of participant contributions that do not exceed 3 percent of compensation, plus 50 percent of the next 2 percent of compensation for a maximum of 4 percent of compensation under a safe harbor provision, as defined in the plan document.” Plan terms may have changed; check your current Summary Plan Description.
When is the Wood Ranch USA 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 35 says: “Participants are immediately vested in all contributions plus actual earnings thereon.”
Who manages the Wood Ranch USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch Pierce Fenner & Smith. The plan administrator is Wood Ranch USA, Inc..
I left Wood Ranch USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Wood Ranch USA, Inc., (805) 719-9013) or the recordkeeper, Merrill Lynch Pierce Fenner & Smith. The Wood Ranch USA old 401(k) page lists the contacts from every plan filing. Find an old Wood Ranch USA 401(k)
Data from the public Form 5500 annual reports Wood Ranch USA filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Wood Ranch USA. Not financial advice. Report a correction · Methodology