Fifth Generation, Inc 401(k) Review & Grade
Fifth Generation, Inc 401(k) Plan
Austin, TXManufacturing714 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13,873Employer $ per active participant
$8,579Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$105.2MNet plan assets, end of year
$129,020Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 82th |
| Employee saving | 84th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,740 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fifth Generation put in about $13,873 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.
- 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 | $9,912,498 |
| Participant (employee) contributions | $6,129,921 |
| Other contributions (incl. rollovers in) | $405,534 |
| Administrative expenses paid from the plan | $63,135 |
| Other admin expenses | $10,023 |
| Benefits paid out | $6,064,066 |
| Net assets, start / end of year | $82.4M / $105.2M |
| Active participants, start / end of year | 700 / 729 |
| Participants with account balances | 815 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maxwell Locke & Ritter LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $53,154 reported compensation |
| Mesirow Financial Investment Manage | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009053517NAL0010374640001, received 2025-10-09, EIN 74-2737688, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.