Century Plastics, LLC 401(k) Review & Grade
Century Plastics, LLC 401(k) Profit Sharing Plan
Shelby Township, MIManufacturing732 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$560Employer $ per active participant
$1,295Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$11.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.0 / 508th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score11 / 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 | 13th |
| Employee saving | 5th |
| 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
- Century Plastics put in about $560 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 (0.70% 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 | $409,371 |
| Participant (employee) contributions | $946,953 |
| Other contributions (incl. rollovers in) | $108 |
| Administrative expenses paid from the plan | $72,391 |
| Contract administrator fees | $72,391 |
| Benefits paid out | $1,066,260 |
| Net assets, start / end of year | $9.7M / $11.1M |
| Active participants, start / end of year | 773 / 690 |
| Participants with account balances | 201 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcclain, Smith & Wenz, PC |
Largest service providers (Schedule C)
| John Hancock | $2,724 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003122510NAL0002255056001, received 2025-10-03, EIN 38-3476497, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.