Ox Paper Tube & Core, LLC 401(k) Review & Grade
Ox Industries 401(k) Plan
Hanover, PAManufacturing543 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,950Employer $ per active participant
$3,923Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$26.4MNet plan assets, end of year
$46,744Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
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 | 62th |
| Lower admin cost | 35th |
| Employee saving | 35th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $414 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ox Paper Tube & Core put in about $2,950 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.35% 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.
- 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 | $1,602,060 |
| Participant (employee) contributions | $2,130,118 |
| Other contributions (incl. rollovers in) | $979,214 |
| Administrative expenses paid from the plan | $84,628 |
| Investment advisory & management fees | $54,356 |
| Benefits paid out | $2,818,389 |
| Net assets, start / end of year | $21.7M / $26.4M |
| Active participants, start / end of year | 565 / 521 |
| Participants with account balances | 564 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kruggel, Lawton & Company,llc |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $54,356 reported compensation |
| Schwab Retirement Plan Services,inc | $29,798 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008122920NAL0005843953002, received 2025-10-08, EIN 46-5660730, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.