Cabinetry Holdings Corp. 401(k) Review & Grade
Cabinetry Holdings Corp. 401(k) Plan
Haleyville, ALManufacturing626 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$552Employer $ per active participant
$1,545Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$3.3MNet plan assets, end of year
$8,676Average balance per account
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 7th |
| Employee saving | 7th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $71,867 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cabinetry Holdings put in about $552 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.
- Direct plan expenses (0.94% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $345,478 |
| Participant (employee) contributions | $966,238 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $25,238 |
| Contract administrator fees | $18,641 |
| Benefits paid out | $326,103 |
| Net assets, start / end of year | $2.1M / $3.3M |
| Active participants, start / end of year | 681 / 570 |
| Participants with account balances | 378 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Rilly US, LLP |
Largest service providers (Schedule C)
| Standcorp Financial Group | $18,641 reported compensation |
| Independent Financial Partners | $6,597 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145022NAL0003254066001, received 2025-10-13, EIN 35-2561801, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.