Ig Design Group Americas Inc. 401(k) Review & Grade
Ig Design Group Americas Inc. 401(k) Plan
Berwick, PAManufacturing1,337 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,451Employer $ per active participant
$4,836Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$146.2MNet plan assets, end of year
$87,309Average balance per account
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 96th |
| Employee saving | 48th |
| 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
- Ig Design Group Americas put in about $1,451 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 | $1,939,503 |
| Participant (employee) contributions | $6,465,504 |
| Other contributions (incl. rollovers in) | $693,349 |
| Administrative expenses paid from the plan | $24,634 |
| Other admin expenses | $1,500 |
| Benefits paid out | $19,359,246 |
| Net assets, start / end of year | $138.4M / $146.2M |
| Active participants, start / end of year | 1,400 / 1,274 |
| Participants with account balances | 1,674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | The Gattuso Group, Inc. |
Largest service providers (Schedule C)
| The Gattuso Group, Inc. | $30,000 reported compensation |
| Fidelity Investments Institutional | −$6,866 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002140948NAL0000354211001, received 2025-10-02, EIN 04-2953448, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.