Cascades USA Inc. 401(k) Review & Grade
Cascades 401(k) Savings and Retirement Plan
Piscataway, NJManufacturing1,650 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,512Employer $ per active participant
$5,995Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$174.8MNet plan assets, end of year
$79,743Average balance per account
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 67th |
| Employee saving | 63th |
| 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
- Cascades USA put in about $2,512 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $4,145,226 |
| Participant (employee) contributions | $9,891,141 |
| Other contributions (incl. rollovers in) | $841,883 |
| Administrative expenses paid from the plan | $218,943 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $64,048 |
| Benefits paid out | $24,903,233 |
| Net assets, start / end of year | $162.4M / $174.8M |
| Active participants, start / end of year | 1,517 / 1,783 |
| Participants with account balances | 2,192 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $154,895 reported compensation |
| Strategic Advisors, Inc. | $64,048 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015194459NAL0002831667001, received 2025-10-15, EIN 68-0592968, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.