Glen-Gery Corporation 401(k) Review & Grade
Glen-Gery Corporation 401(k) Plan
Wyomissing, PAManufacturing831 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,151Employer $ per active participant
$4,316Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$52.0MNet plan assets, end of year
$49,243Average balance per account
Score breakdown
- Employer generosity23.2 / 5046th percentile for employer $ per participant
- Low cost11.4 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 45th |
| Employee saving | 42th |
| 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
- Glen-Gery put in about $2,151 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 | $1,787,080 |
| Participant (employee) contributions | $3,586,311 |
| Other contributions (incl. rollovers in) | $557,085 |
| Administrative expenses paid from the plan | $131,372 |
| Investment advisory & management fees | $28,554 |
| Benefits paid out | $7,502,680 |
| Net assets, start / end of year | $47.6M / $52.0M |
| Active participants, start / end of year | 802 / 860 |
| Participants with account balances | 1,056 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Herbein & Company Inc |
Largest service providers (Schedule C)
| Fidelity Workplace Services LLC | $102,818 reported compensation |
| Merrill Lynch | $28,554 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001074309NAL0012315905001, received 2025-10-01, EIN 31-0943426, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.