Samuel, Son & Co. (USA), Inc. 401(k) Review & Grade
Samuel, Son & Co. (USA), Inc. 401(k) Plan
Woodridge, ILManufacturing2,853 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,659Employer $ per active participant
$4,411Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$201.5MNet plan assets, end of year
$62,629Average balance per account
Score breakdown
- Employer generosity19.6 / 5039th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 30th |
| Employee saving | 30th |
| Peers that auto-enroll | 70% |
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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 ($361,793 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
- Samuel, Son & Co. (USA) put in about $2,659 per active participant, below the typical peer ($3,452). 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 (0.23% of assets) are well above similar-size plans (0.12%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,585,473 |
| Participant (employee) contributions | $12,583,468 |
| Other contributions (incl. rollovers in) | $2,528,464 |
| Administrative expenses paid from the plan | $451,843 |
| Investment advisory & management fees | $244,105 |
| Benefits paid out | $32,707,492 |
| Net assets, start / end of year | $192.9M / $201.5M |
| Active participants, start / end of year | 3,022 / 2,684 |
| Participants with account balances | 3,218 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Mercer Investments, LLC | $233,775 reported compensation |
| Empower Annuity Insurance Company O | $207,738 reported compensation |
| Empower Advisory Group, LLC | $10,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122246NAL0001338771001, received 2025-10-14, EIN 06-1251791, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.