Inovar Packaging Group, LLC 401(k) Review & Grade
Inovar Packaging Group, LLC 401k Profit Sharing Plan
Irving, TXManufacturing758 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,901Employer $ per active participant
$3,657Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$40.3MNet plan assets, end of year
$62,007Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 20th |
| Employee saving | 32th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,506 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Inovar Packaging Group put in about $1,901 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.
- Direct plan expenses (0.55% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $1,440,874 |
| Participant (employee) contributions | $2,771,847 |
| Other contributions (incl. rollovers in) | $739,386 |
| Administrative expenses paid from the plan | $170,748 |
| Investment advisory & management fees | $149,171 |
| Benefits paid out | $4,978,967 |
| Net assets, start / end of year | $21.5M / $40.3M |
| Active participants, start / end of year | 773 / 743 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lane Gorman Trubitt LLC |
Largest service providers (Schedule C)
| Rpa Financial, LLC | $129,171 reported compensation |
| Adp, Inc. | $21,577 reported compensation |
| Lane Gorman Trubitt LLC | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923051147NAL0008748050001, received 2025-09-23, EIN 20-2168560, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.