Pine Manor, Inc. 401(k) Review & Grade
Pine Manor, Inc. 401(k) Plan
Orland, INManufacturing764 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$974Employer $ per active participant
$1,636Employee $ saved per active participant
0.77%Direct admin cost, % of plan assets
$16.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.1 / 5016th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-8 pts2 issues reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 11th |
| Employee saving | 8th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $6,509 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pine Manor put in about $974 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 (0.77% 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 | $744,503 |
| Participant (employee) contributions | $1,249,952 |
| Other contributions (incl. rollovers in) | $19,051 |
| Administrative expenses paid from the plan | $114,832 |
| Benefits paid out | $1,133,673 |
| Net assets, start / end of year | $13.6M / $16.1M |
| Active participants, start / end of year | 717 / 811 |
| Participants with account balances | 324 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Lake City Bank | $58,612 reported compensation |
| Ascensus Consulting | $45,425 reported compensation |
| Charles Schwab Bank | $2,118 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925084638NAL0007460625001, received 2025-09-25, EIN 35-1070631, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.