Standex International Corporation 401(k) Review & Grade
The Standex Retirement Savings Plan
Salem, NHManufacturing678 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,267Employer $ per active participant
$6,020Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$109.9MNet plan assets, end of year
$120,558Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 92th |
| Employee saving | 64th |
| Peers that auto-enroll | 59% |
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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
- Standex International put in about $3,267 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.
- 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 | $2,213,462 |
| Participant (employee) contributions | $4,078,881 |
| Other contributions (incl. rollovers in) | $2,278,424 |
| Administrative expenses paid from the plan | $35,583 |
| Investment advisory & management fees | $34,669 |
| Benefits paid out | $21,585,772 |
| Net assets, start / end of year | $105.8M / $109.9M |
| Active participants, start / end of year | 441 / 914 |
| Participants with account balances | 912 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer |
| Employer stock held by plan | $5,373,158 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $29,069 reported compensation |
| Fidelity Investments Institutional | $1,164 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925085037NAL0010248579001, received 2025-09-25, EIN 31-0596149, plan #050, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.