Derby Industries, LLC 401(k) Review & Grade
Derby Industries, LLC 401(k) Retirement Plan
Louisville, KYManufacturing646 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,046Employer $ per active participant
$1,777Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$13.9MNet plan assets, end of year
$28,447Average balance per account
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost8.9 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 35th |
| Employee saving | 9th |
| Peers that auto-enroll | 59% |
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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
- Derby Industries put in about $1,046 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $676,480 |
| Participant (employee) contributions | $1,149,105 |
| Other contributions (incl. rollovers in) | $43,474 |
| Administrative expenses paid from the plan | $46,584 |
| Other admin expenses | $46,584 |
| Benefits paid out | $2,167,915 |
| Net assets, start / end of year | $12.9M / $13.9M |
| Active participants, start / end of year | 653 / 640 |
| Participants with account balances | 487 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blue & Co. , LLC |
Largest service providers (Schedule C)
| MCM Cpas & Advisors LLC | $27,600 reported compensation |
| Blue & Co. LLC | $12,000 reported compensation |
| Merrill Lynch, Pierce, Fenner and S | $7,009 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716131429NAL0002432355001, received 2025-07-16, EIN 06-1569057, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.