Ugn, Inc. 401(k) Review & Grade
Ugn, Inc. Retirement and Savings Plan
Downers Grove, ILManufacturing1,196 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,034Employer $ per active participant
$3,113Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$66.2MNet plan assets, end of year
$32,931Average balance per account
Score breakdown
- Employer generosity8.9 / 5018th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 43th |
| Employee saving | 24th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $38,215 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ugn put in about $1,034 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.
- 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 | $1,236,632 |
| Participant (employee) contributions | $3,721,286 |
| Other contributions (incl. rollovers in) | $476,492 |
| Administrative expenses paid from the plan | $173,160 |
| Investment advisory & management fees | $148,949 |
| Benefits paid out | $5,856,383 |
| Net assets, start / end of year | $58.4M / $66.2M |
| Active participants, start / end of year | 1,165 / 1,226 |
| Participants with account balances | 2,009 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $148,949 reported compensation |
| Fidelity Investments Institutional | $24,211 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828155655NAL0010456305001, received 2025-08-28, EIN 36-3435795, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.