Engineered Floors, LLC 401(k) Review & Grade
Engineered Floors, LLC 401(k) Plan
Dalton, GAManufacturing4,468 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,054Employer $ per active participant
$1,919Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$124.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost14.6 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 59th |
| Employee saving | 7th |
| Peers that auto-enroll | 70% |
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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
- Engineered Floors put in about $1,054 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.
- 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 | $4,709,477 |
| Participant (employee) contributions | $8,576,987 |
| Other contributions (incl. rollovers in) | $943,590 |
| Administrative expenses paid from the plan | $109,480 |
| Investment advisory & management fees | $43,452 |
| Benefits paid out | $6,317,963 |
| Net assets, start / end of year | $103.3M / $124.3M |
| Active participants, start / end of year | 4,523 / 4,414 |
| Participants with account balances | 1,795 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $65,956 reported compensation |
| Resources Investment Advisors, LLC | $43,452 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909115004NAL0020215425001, received 2025-09-09, EIN 27-0593659, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.