Imperial Bag & Paper Co., LLC 401(k) Review & Grade
Imperial Bag & Paper Co., LLC Employee Benefit Plan
Jersey City, NJWholesale Trade5,806 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,726Employer $ per active participant
$5,776Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$367.6MNet plan assets, end of year
$51,865Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 45th |
| Employee saving | 53th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,383 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Imperial Bag & Paper Co. put in about $1,726 per active participant, below the typical peer ($2,459). 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 | $10,017,776 |
| Participant (employee) contributions | $33,532,460 |
| Other contributions (incl. rollovers in) | $7,091,528 |
| Administrative expenses paid from the plan | $489,624 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $93,990 |
| Benefits paid out | $39,584,468 |
| Net assets, start / end of year | $316.8M / $367.6M |
| Active participants, start / end of year | 5,757 / 5,854 |
| Participants with account balances | 7,087 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $330,634 reported compensation |
| Ameritas Advisory Services LLC | $93,991 reported compensation |
| Forvis Mazars, LLP | $65,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930125542NAL0019455282001, received 2025-09-30, EIN 20-5963953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.