PLZ Corp 401(k) Review & Grade
PLZ Corp 401(k) Profit Sharing Plan & Trust
Downers Grove, ILManufacturing1,322 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,836Employer $ per active participant
$3,527Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$73.8MNet plan assets, end of year
$52,876Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 35th |
| Employee saving | 30th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,740 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- PLZ put in about $1,836 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 (0.35% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,425,767 |
| Participant (employee) contributions | $4,661,478 |
| Other contributions (incl. rollovers in) | $295,357 |
| Administrative expenses paid from the plan | $263,864 |
| Contract administrator fees | $263,864 |
| Benefits paid out | $18,740,335 |
| Net assets, start / end of year | $76.0M / $73.8M |
| Active participants, start / end of year | 1,428 / 1,215 |
| Participants with account balances | 1,395 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fgmk, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $168,046 reported compensation |
| Empower Advisory Group, LLC | $103,604 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007101130NAL0007903872001, received 2025-10-07, EIN 20-3193854, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.