Collins Pine Company 401(k) Review & Grade
Collins 401k Retirement Savings Plan
Wilsonville, ORManufacturing590 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,931Employer $ per active participant
$2,828Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$52.3MNet plan assets, end of year
$59,337Average balance per account
Score breakdown
- Employer generosity31.0 / 5062th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 90th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,215 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Collins Pine put in about $2,931 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.
- 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 | $1,730,926 |
| Participant (employee) contributions | $1,669,945 |
| Other contributions (incl. rollovers in) | $440,544 |
| Administrative expenses paid from the plan | $21,815 |
| Benefits paid out | $6,992,704 |
| Net assets, start / end of year | $49.4M / $52.3M |
| Active participants, start / end of year | 583 / 598 |
| Participants with account balances | 881 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Geffen Mesher & Company, PC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $21,815 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014111144NAL0002716561001, received 2025-10-14, EIN 93-0177750, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.