Frank Liquor Company, Inc. 401(k) Review & Grade
Frank Liquor Company, Inc. 401(k) Plan
Middleton, WIWholesale Trade994 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,428Employer $ per active participant
$4,858Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$82.0MNet plan assets, end of year
$67,896Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 52th |
| Employee saving | 54th |
| Peers that auto-enroll | 53% |
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
Corrective distributions: the plan refunded $5,098 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Frank Liquor Company put in about $1,428 per active participant, below the typical peer ($1,792). 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.
- 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 | $1,419,195 |
| Participant (employee) contributions | $4,828,992 |
| Other contributions (incl. rollovers in) | $353,969 |
| Administrative expenses paid from the plan | $168,325 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $77,464 |
| Benefits paid out | $11,473,058 |
| Net assets, start / end of year | $77.0M / $82.0M |
| Active participants, start / end of year | 977 / 1,011 |
| Participants with account balances | 1,207 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $90,861 reported compensation |
| NFP Retirement Inc | $77,464 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730082838NAL0001775379001, received 2025-07-30, EIN 39-0961308, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.