Mold-Rite Plastics, LLC 401(k) Review & Grade
Mold-Rite Plastics 401(k) Plan
Plattsburgh, NYManufacturing729 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,969Employer $ per active participant
$3,419Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$48.1MNet plan assets, end of year
$57,451Average balance per account
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 26th |
| Employee saving | 29th |
| 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
- Mold-Rite Plastics put in about $1,969 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 (0.46% 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 | $1,435,073 |
| Participant (employee) contributions | $2,492,110 |
| Other contributions (incl. rollovers in) | $185,813 |
| Administrative expenses paid from the plan | $206,298 |
| Investment advisory & management fees | $68,805 |
| Benefits paid out | $4,317,090 |
| Net assets, start / end of year | $42.0M / $48.1M |
| Active participants, start / end of year | 762 / 696 |
| Participants with account balances | 837 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $129,279 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $78,260 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008053600NAL0009196320001, received 2025-10-08, EIN 27-2958234, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.