Mohawk Carpet, LLC 401(k) Review & Grade
Mohawk Industries Retirement Plan 2
Calhoun, GAManufacturing7,339 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,082Employer $ per active participant
$5,715Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$912.0MNet plan assets, end of year
$104,600Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 98th |
| Employee saving | 45th |
| Peers that auto-enroll | 70% |
Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $77,915 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mohawk Carpet put in about $2,082 per active participant, below the typical peer ($3,452). 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 | $15,282,079 |
| Participant (employee) contributions | $41,942,909 |
| Other contributions (incl. rollovers in) | $5,642,784 |
| Administrative expenses paid from the plan | $69,379 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $120,000 |
| Benefits paid out | $110,372,539 |
| Net assets, start / end of year | $846.2M / $912.0M |
| Active participants, start / end of year | 7,445 / 7,233 |
| Participants with account balances | 8,719 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Ira Group | $37,879 reported compensation |
| Warren Averett, LLC | $31,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260331153126NAL0000345091001, received 2026-03-31, EIN 58-2185429, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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