Interlock Industries, Inc. 401(k) Review & Grade
Interlock Industries, Inc. 401(k) Profit Sharing Plan
Louisville, KYManagement of Companies954 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$697Employer $ per active participant
$2,283Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$38.8MNet plan assets, end of year
$75,203Average balance per account
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost19.6 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 79th |
| Employee saving | 17th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $76,441 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Interlock Industries put in about $697 per active participant, below the typical peer ($2,492). 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.
- 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 | $664,649 |
| Participant (employee) contributions | $2,177,847 |
| Other contributions (incl. rollovers in) | $249,950 |
| Administrative expenses paid from the plan | $30,000 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $3,390,612 |
| Net assets, start / end of year | $34.4M / $38.8M |
| Active participants, start / end of year | 979 / 929 |
| Participants with account balances | 516 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Creative Planning LLC | $30,000 reported compensation |
| Empower Annuity Insurance Company O | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929114247NAL0013812480001, received 2025-09-29, EIN 61-1024973, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.