Absopure Water Company, Et Al. 401(k) Review & Grade
Absopure Water Company, Et Al. 401(k) Profit Sharing Plan
Plymouth, MIManufacturing4,440 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,012Employer $ per active participant
$4,658Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$474.2MNet plan assets, end of year
$89,527Average balance per account
Score breakdown
- Employer generosity14.0 / 5028th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 47th |
| Employee saving | 32th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $153,150 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Absopure Water Company, Et Al. put in about $2,012 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.
- 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 | $8,934,183 |
| Participant (employee) contributions | $20,684,475 |
| Other contributions (incl. rollovers in) | $824,432 |
| Administrative expenses paid from the plan | $609,990 |
| Investment advisory & management fees | $75,000 |
| Other admin expenses | $107,932 |
| Benefits paid out | $39,999,313 |
| Net assets, start / end of year | $430.5M / $474.2M |
| Active participants, start / end of year | 4,327 / 4,554 |
| Participants with account balances | 5,297 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $374,058 reported compensation |
| Onedigital Investment Advisors LLC | $75,000 reported compensation |
| Doeren Mayhew Assurance | $53,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014173108NAL0007037730001, received 2025-10-14, EIN 38-2418014, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.