Opus Packaging Group, Inc. 401(k) Review & Grade
Opus Packaging Group, Inc. 401(k) Profit Sharing Plan
Caledonia, MIManufacturing636 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,249Employer $ per active participant
$4,270Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$29.5MNet plan assets, end of year
$41,247Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 18th |
| Employee saving | 41th |
| 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
- Opus Packaging Group put in about $2,249 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 (0.59% 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 | $1,430,133 |
| Participant (employee) contributions | $2,715,909 |
| Other contributions (incl. rollovers in) | $563,362 |
| Administrative expenses paid from the plan | $160,807 |
| Contract administrator fees | $91,330 |
| Investment advisory & management fees | $67,781 |
| Benefits paid out | $3,253,353 |
| Net assets, start / end of year | $24.8M / $29.5M |
| Active participants, start / end of year | 635 / 637 |
| Participants with account balances | 715 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Andrews Hooper & Pavlik PLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $91,330 reported compensation |
| Capfinancial Partners, L | $52,473 reported compensation |
| Andrews Hooper Pavlik PL | $13,692 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013112256NAL0000540211001, received 2025-10-13, EIN 46-3981791, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.