Balon Corporation 401(k) Review & Grade
Balon Corporation 401(k) Plan and Trust
Oklahoma City, OKManufacturing1,106 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,999Employer $ per active participant
$5,199Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$106.3MNet plan assets, end of year
$90,395Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 85th |
| Employee saving | 54th |
| 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
- Balon put in about $1,999 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 | $2,209,822 |
| Participant (employee) contributions | $5,747,841 |
| Other contributions (incl. rollovers in) | $54,738 |
| Administrative expenses paid from the plan | $57,725 |
| Contract administrator fees | $14,046 |
| Other admin expenses | $43,679 |
| Benefits paid out | $8,583,064 |
| Net assets, start / end of year | $95.5M / $106.3M |
| Active participants, start / end of year | 1,113 / 1,098 |
| Participants with account balances | 1,176 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pickett, Channey & Mcmullen LLP |
Largest service providers (Schedule C)
| Tristar Pension Consulting | $59,195 reported compensation |
| Principal Life Insurance Company | $23,491 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002081926NAL0000147923001, received 2025-10-02, EIN 73-0745177, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.