Everbrite, LLC 401(k) Review & Grade
Everbrite, LLC Profit Sharing Plan
Greenfield, WIManufacturing526 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$898Employer $ per active participant
$4,388Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$50.1MNet plan assets, end of year
$60,421Average balance per account
Score breakdown
- Employer generosity7.2 / 5014th percentile for employer $ per participant
- Low cost12.4 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 49th |
| Employee saving | 43th |
| 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
- Everbrite put in about $898 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.
- 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 | $472,457 |
| Participant (employee) contributions | $2,308,282 |
| Other contributions (incl. rollovers in) | $42,236 |
| Administrative expenses paid from the plan | $117,334 |
| Investment advisory & management fees | $83,236 |
| Benefits paid out | $8,575,941 |
| Net assets, start / end of year | $50.0M / $50.1M |
| Active participants, start / end of year | 563 / 489 |
| Participants with account balances | 829 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hawkins Ash Cpa's |
Largest service providers (Schedule C)
| Spectrum Investment Advisors Inc | $83,236 reported compensation |
| Empower Annuity Insurance Company O | $34,098 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115415NAL0005791762001, received 2025-10-14, EIN 65-1164066, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.