Plastic Express 401(k) Review & Grade
Plastic Express 401(k) Plan
City of Industry, CATransportation & Warehousing610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,269Employer $ per active participant
$2,504Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$13.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 37th |
| Employee saving | 40th |
| Peers that auto-enroll | 37% |
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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
- Plastic Express put in about $1,269 per active participant, more than the typical peer ($1,070). 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.
- 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 | $774,430 |
| Participant (employee) contributions | $1,528,719 |
| Other contributions (incl. rollovers in) | $154,799 |
| Administrative expenses paid from the plan | $39,677 |
| Investment advisory & management fees | $29,084 |
| Benefits paid out | $743,669 |
| Net assets, start / end of year | $10.3M / $13.6M |
| Active participants, start / end of year | 597 / 624 |
| Participants with account balances | 277 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum |
Largest service providers (Schedule C)
| Procyon Advisors, LLC | $29,084 reported compensation |
| Adp, Inc. | $10,592 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122716NAL0009210962001, received 2025-10-15, EIN 95-3255467, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.