Kaufman Trailers, LLC 401(k) Review & Grade
Kaufman Trailers 401(k) Plan
Denton, NCManufacturing806 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$492Employer $ per active participant
$2,392Employee $ saved per active participant
0.83%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
$10,690Average balance per account
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost2.4 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 9th |
| Employee saving | 16th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,220 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kaufman Trailers put in about $492 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 (0.83% 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 | $396,748 |
| Participant (employee) contributions | $1,929,253 |
| Other contributions (incl. rollovers in) | $200 |
| Administrative expenses paid from the plan | $66,164 |
| Contract administrator fees | $66,164 |
| Benefits paid out | $1,200,297 |
| Net assets, start / end of year | $7.0M / $9.0M |
| Active participants, start / end of year | 855 / 758 |
| Participants with account balances | 842 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Melissa G. Critcher, CPA, PC |
Largest service providers (Schedule C)
| Trinity Pension Group | $59,882 reported compensation |
| Iron Fiduciary | $5,060 reported compensation |
| Nationwide Life Insurance Company | $2,032 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013104046NAL0001125617001, received 2025-10-13, EIN 88-2743153, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.