Schwabe North America 401(k) Review & Grade
Nature's Way 401(k) Plan
Green Bay, WIManufacturing668 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,663Employer $ per active participant
$7,958Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$108.8MNet plan assets, end of year
$117,371Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 93th |
| Employee saving | 80th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,247 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schwabe North America put in about $6,663 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 | $4,447,277 |
| Participant (employee) contributions | $5,311,864 |
| Other contributions (incl. rollovers in) | $1,283,234 |
| Administrative expenses paid from the plan | $28,461 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $53,503 |
| Benefits paid out | $10,967,284 |
| Net assets, start / end of year | $96.2M / $108.8M |
| Active participants, start / end of year | 659 / 676 |
| Participants with account balances | 927 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Soltis Invetment Advisors | $53,503 reported compensation |
| Fidelity Investments Institutional | −$25,042 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801090932NAL0003693971001, received 2025-08-01, EIN 87-0388645, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.