Beltservice Corporation 401(k) Review & Grade
Beltservice Corporation 401(k) Profit Sharing Plan
Earth City, MOManufacturing538 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,463Employer $ per active participant
$5,175Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$64.0MNet plan assets, end of year
$92,797Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 91th |
| Employee saving | 54th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Beltservice put in about $3,463 per active participant, more than the typical peer ($2,320). 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.
- 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 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 | $1,863,106 |
| Participant (employee) contributions | $2,784,294 |
| Other contributions (incl. rollovers in) | $25,191 |
| Administrative expenses paid from the plan | $24,044 |
| Investment advisory & management fees | $23,935 |
| Benefits paid out | $13,183,706 |
| Net assets, start / end of year | $61.8M / $64.0M |
| Active participants, start / end of year | 522 / 554 |
| Participants with account balances | 690 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $23,935 reported compensation |
| Fidelity Investments Institutional | $109 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815103548NAL0010435329001, received 2025-08-15, EIN 43-0925455, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.