Anchor Packaging, LLC 401(k) Review & Grade
Anchor Packaging Employees' 401k Retirement Plan
Ballwin, MOManufacturing904 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,496Employer $ per active participant
$3,466Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$48.0MNet plan assets, end of year
$75,035Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 59th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,944 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Anchor Packaging put in about $1,496 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.
- 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 | $1,353,566 |
| Participant (employee) contributions | $3,134,776 |
| Other contributions (incl. rollovers in) | $324,878 |
| Administrative expenses paid from the plan | $77,994 |
| Investment advisory & management fees | $62,319 |
| Benefits paid out | $3,720,789 |
| Net assets, start / end of year | $40.9M / $48.0M |
| Active participants, start / end of year | 921 / 888 |
| Participants with account balances | 640 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Capfinancial Partners, LLC | $62,319 reported compensation |
| Adp, Inc. | $15,675 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015200504NAL0002955635001, received 2025-10-15, EIN 83-2948988, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.