Cenveo Worldwide Limited 401(k) Review & Grade
Cenveo Worldwide Limited 401(k) Savings and Retirement Plan
Stamford, CTManufacturing1,862 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$89Employer $ per active participant
$3,503Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$159.9MNet plan assets, end of year
$70,863Average balance per account
Score breakdown
- Employer generosity1.2 / 502th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 74th |
| Employee saving | 30th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,233 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cenveo Worldwide Limited put in about $89 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $165,168 |
| Participant (employee) contributions | $6,520,009 |
| Other contributions (incl. rollovers in) | $166,899 |
| Administrative expenses paid from the plan | $157,200 |
| Investment advisory & management fees | $25,242 |
| Benefits paid out | $19,840,709 |
| Net assets, start / end of year | $153.1M / $159.9M |
| Active participants, start / end of year | 1,935 / 1,788 |
| Participants with account balances | 2,256 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $100,575 reported compensation |
| Alliant Insurance Services Inc DBA | $50,000 reported compensation |
| Empower Advisory Group, LLC | $6,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929142958NAL0005089443001, received 2025-09-29, EIN 83-1681581, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.