Elsa LLC 401(k) Review & Grade
Elsa LLC 401(k) Savings and Profit Sharing Retirement Plan
Elwood, INManufacturing747 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$806Employer $ per active participant
$2,139Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$32.2MNet plan assets, end of year
$43,999Average balance per account
Score breakdown
- Employer generosity6.2 / 5012th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 83th |
| Employee saving | 14th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Elsa put in about $806 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 | $602,020 |
| Participant (employee) contributions | $1,597,713 |
| Other contributions (incl. rollovers in) | $9,950 |
| Administrative expenses paid from the plan | $19,204 |
| Benefits paid out | $2,558,004 |
| Net assets, start / end of year | $27.9M / $32.2M |
| Active participants, start / end of year | 724 / 770 |
| Participants with account balances | 731 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pile Cpas |
Largest service providers (Schedule C)
| MML Investor Services LLC | $42,076 reported compensation |
| Fidelity Investments Institutional | $19,204 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009145729NAL0006765457001, received 2025-10-09, EIN 35-1720708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.