Copeland, LP 401(k) Review & Grade
Copeland Employee Savings Investment Plan
ST. Louis, MOManufacturing4,164 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,595Employer $ per active participant
$1,639Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$570.2MNet plan assets, end of year
$117,710Average balance per account
Score breakdown
- Employer generosity10.4 / 5021th percentile for employer $ per participant
- Low cost23.7 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 154th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 95th |
| Employee saving | 4th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $167,538 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Copeland, LP put in about $1,595 per active participant, below the typical peer ($3,452). 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 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 | $6,641,610 |
| Participant (employee) contributions | $6,825,988 |
| Other contributions (incl. rollovers in) | $3,367,156 |
| Administrative expenses paid from the plan | $105,514 |
| Other admin expenses | $105,514 |
| Benefits paid out | $15,462,837 |
| Net assets, start / end of year | $569.9M / $570.2M |
| Active participants, start / end of year | 4,165 / 4,162 |
| Participants with account balances | 4,844 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $85,814 reported compensation |
| Captrust | $20,000 reported compensation |
| Grant Thornton | $5,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905151516NAL0029224176001, received 2025-09-05, EIN 34-4210902, plan #001, plan year 2024-10-01 to 2024-12-31. Verify at efast.dol.gov.