Featherlite Exiss Sooner Holding 401(k) Review & Grade
Featherlite Exiss Sooner 401(k) Retirement Plan
Cresco, IAManufacturing546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$378Employer $ per active participant
$2,399Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$34.5MNet plan assets, end of year
$35,535Average balance per account
Score breakdown
- Employer generosity2.5 / 505th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 20th |
| Employee saving | 16th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,032 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Featherlite Exiss Sooner Holding put in about $378 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 (0.56% 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.
- 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 | $206,535 |
| Participant (employee) contributions | $1,310,058 |
| Other contributions (incl. rollovers in) | $28,000 |
| Administrative expenses paid from the plan | $185,005 |
| Contract administrator fees | $163,719 |
| Investment advisory & management fees | $3,086 |
| Other admin expenses | $18,200 |
| Benefits paid out | $2,617,209 |
| Net assets, start / end of year | $31.7M / $34.5M |
| Active participants, start / end of year | 592 / 500 |
| Participants with account balances | 972 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bernard Robinson & Company |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $169,597 reported compensation |
| Northwestern Mutual Investmentservi | $61,310 reported compensation |
| Bernard Robinson & Company, LLP | $15,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929083243NAL0026250306001, received 2025-09-29, EIN 84-3939042, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.