Interface, Inc. 401(k) Review & Grade
Interface, Inc. Savings and Investment Plan
Atlanta, GAManufacturing1,540 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,355Employer $ per active participant
$6,905Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$192.2MNet plan assets, end of year
$103,677Average balance per account
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 71th |
| Employee saving | 73th |
| 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
- Interface put in about $2,355 per active participant, more than the typical peer ($2,320). 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.
- 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 | $3,625,102 |
| Participant (employee) contributions | $10,630,670 |
| Other contributions (incl. rollovers in) | $938,760 |
| Administrative expenses paid from the plan | $209,383 |
| Other admin expenses | $66,669 |
| Benefits paid out | $19,865,184 |
| Net assets, start / end of year | $173.6M / $192.2M |
| Active participants, start / end of year | 1,554 / 1,525 |
| Participants with account balances | 1,854 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $185,843 reported compensation |
| Smith, Gambrell & Russell, LLP | $24,855 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731080352NAL0002428867001, received 2025-07-31, EIN 58-1451243, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.