Bergstrom Corporation, Inc. 401(k) Review & Grade
Bergstrom Corporation 401(k) Plan
Neenah, WIRetail Trade2,208 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$483Employer $ per active participant
$2,724Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$105.9MNet plan assets, end of year
$67,878Average balance per account
Score breakdown
- Employer generosity17.8 / 5036th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 44th |
| Employee saving | 45th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,630 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $123,795 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bergstrom Corporation put in about $483 per active participant, below the typical peer ($743). 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 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 | $1,067,369 |
| Participant (employee) contributions | $6,015,319 |
| Other contributions (incl. rollovers in) | $8,538,427 |
| Administrative expenses paid from the plan | $259,556 |
| Investment advisory & management fees | $208,707 |
| Benefits paid out | $9,072,181 |
| Net assets, start / end of year | $86.4M / $105.9M |
| Active participants, start / end of year | 2,189 / 2,227 |
| Participants with account balances | 1,560 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Associated Trust Company, N.A. | $259,556 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801145229NAL0007266401001, received 2025-08-01, EIN 39-1202572, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.