Great Day Improvements, LLC 401(k) Review & Grade
Great Day Improvements, LLC 401(k) Plan
Twinsburg, OHManufacturing2,905 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,109Employer $ per active participant
$2,929Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$76.6MNet plan assets, end of year
$24,513Average balance per account
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 26th |
| Employee saving | 15th |
| 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 ($112,878 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Great Day Improvements put in about $1,109 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.
- Direct plan expenses (0.27% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $3,221,627 |
| Participant (employee) contributions | $8,508,531 |
| Other contributions (incl. rollovers in) | $1,725,844 |
| Administrative expenses paid from the plan | $192,049 |
| Other admin expenses | $48,000 |
| Benefits paid out | $12,090,833 |
| Net assets, start / end of year | $65.2M / $76.6M |
| Active participants, start / end of year | 2,908 / 2,902 |
| Participants with account balances | 3,123 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohen Company LTD |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $144,049 reported compensation |
| Osaic Wealth, Inc. | $36,000 reported compensation |
| Sagepoint Financial Inc. | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015200135NAL0007232144001, received 2025-10-15, EIN 27-3509545, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.