Freudenberg Household Products LP 401(k) Review & Grade
Freudenberg Companies 401(k) Savings Plan
Aurora, ILManufacturing3,178 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,899Employer $ per active participant
$4,298Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$345.4MNet plan assets, end of year
$109,822Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 65th |
| Employee saving | 28th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($7,705,369 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $21,719 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Freudenberg Household Products LP put in about $3,899 per active participant, more than the typical peer ($3,452). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $12,392,157 |
| Participant (employee) contributions | $13,659,668 |
| Other contributions (incl. rollovers in) | $2,014,752 |
| Administrative expenses paid from the plan | $261,878 |
| Investment advisory & management fees | $134,443 |
| Benefits paid out | $41,691,731 |
| Net assets, start / end of year | $319.6M / $345.4M |
| Active participants, start / end of year | 3,444 / 2,912 |
| Participants with account balances | 3,145 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $119,947 reported compensation |
| Empower Advisory Group, LLC | $53,240 reported compensation |
| Freudenberg North America Limited P | $33,449 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014152608NAL0006646690001, received 2025-10-14, EIN 36-4199332, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.