A. Y. Mcdonald Industries, Inc. 401(k) Review & Grade
A. Y. Mcdonald Industries, Inc. 401(k) Plan
Dubuque, IAManufacturing1,271 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,711Employer $ per active participant
$5,621Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$129.3MNet plan assets, end of year
$80,653Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 56th |
| Employee saving | 60th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($42,486 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
- A. Y. Mcdonald Industries put in about $2,711 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.
- 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 | $3,445,864 |
| Participant (employee) contributions | $7,144,321 |
| Other contributions (incl. rollovers in) | $1,432,954 |
| Administrative expenses paid from the plan | $215,827 |
| Investment advisory & management fees | $58,210 |
| Other admin expenses | $7,334 |
| Benefits paid out | $10,414,671 |
| Net assets, start / end of year | $101.6M / $129.3M |
| Active participants, start / end of year | 1,260 / 1,282 |
| Participants with account balances | 1,603 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Honkamp,p.c. |
Largest service providers (Schedule C)
| Fiducient Advisors LLC | $33,600 reported compensation |
| Honkamp Krueger & Co PC | $24,051 reported compensation |
| Brian J Kallback DBA Vine & Fig Tre | $7,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170641NAL0002793859001, received 2025-10-15, EIN 42-0404280, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.