Permobil, Inc 401(k) Review & Grade
Permobil, Inc. 401(k) Profit Sharing and Trust
Lebanon, TNManufacturing1,002 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,580Employer $ per active participant
$5,149Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$82.9MNet plan assets, end of year
$62,315Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 47th |
| Employee saving | 53th |
| 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
- Permobil put in about $2,580 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.
- 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 | $2,585,957 |
| Participant (employee) contributions | $5,161,417 |
| Other contributions (incl. rollovers in) | $1,268,810 |
| Administrative expenses paid from the plan | $197,031 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $99,853 |
| Benefits paid out | $11,219,210 |
| Net assets, start / end of year | $74.3M / $82.9M |
| Active participants, start / end of year | 936 / 1,069 |
| Participants with account balances | 1,330 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $97,178 reported compensation |
| Mma Securities | $90,072 reported compensation |
| Strategic Advisors, Inc. | $9,782 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918143314NAL0001965315001, received 2025-09-18, EIN 04-3189589, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.