CPM Acquisition Corp. 401(k) Review & Grade
CPM Acquisition Corp. 401(k) Retirement Plan
Waterloo, IAManufacturing780 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,758Employer $ per active participant
$8,505Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$96.6MNet plan assets, end of year
$112,404Average balance per account
Score breakdown
- Employer generosity29.5 / 5059th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 49th |
| Employee saving | 83th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- CPM Acquisition put in about $2,758 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 | $2,151,295 |
| Participant (employee) contributions | $6,633,966 |
| Other contributions (incl. rollovers in) | $1,273,258 |
| Administrative expenses paid from the plan | $228,357 |
| Benefits paid out | $21,561,950 |
| Net assets, start / end of year | $94.3M / $96.6M |
| Active participants, start / end of year | 804 / 756 |
| Participants with account balances | 859 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| RBC | $24,616 reported compensation |
| Adp, Inc. | $6,445 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015064856NAL0004200145001, received 2025-10-15, EIN 06-1612491, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.