Fike Corporation 401(k) Review & Grade
Fike Corporation 401(k) Plan and Trust
Blue Springs, MOManufacturing740 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,655Employer $ per active participant
$8,647Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$121.8MNet plan assets, end of year
$136,439Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 59th |
| Employee saving | 84th |
| 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
- Fike put in about $2,655 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 | $1,963,640 |
| Participant (employee) contributions | $6,394,135 |
| Other contributions (incl. rollovers in) | $538,690 |
| Administrative expenses paid from the plan | $194,800 |
| Contract administrator fees | $194,800 |
| Benefits paid out | $6,333,330 |
| Net assets, start / end of year | $104.4M / $121.8M |
| Active participants, start / end of year | 705 / 774 |
| Participants with account balances | 893 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $194,800 reported compensation |
| Creative Planning, Inc. | $76,992 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902143255NAL0014495921001, received 2025-09-02, EIN 44-0584415, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.