Indiana Packers Corporation 401(k) Review & Grade
Indiana Packers Corporation 401(k) Retirement Savings Plan
Delphi, INAgriculture, Forestry, Fishing & Hunting2,410 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,273Employer $ per active participant
$3,220Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$104.9MNet plan assets, end of year
$37,704Average balance per account
Score breakdown
- Employer generosity30.8 / 5062th percentile for employer $ per participant
- Low cost22.6 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 91th |
| Employee saving | 68th |
| Peers that auto-enroll | 36% |
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
- Indiana Packers put in about $1,273 per active participant, more than the typical peer ($774). 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 | $3,068,688 |
| Participant (employee) contributions | $7,759,990 |
| Other contributions (incl. rollovers in) | $211,531 |
| Administrative expenses paid from the plan | $39,924 |
| Investment advisory & management fees | $26,799 |
| Benefits paid out | $14,915,847 |
| Net assets, start / end of year | $101.2M / $104.9M |
| Active participants, start / end of year | 2,470 / 2,350 |
| Participants with account balances | 2,782 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $26,799 reported compensation |
| Crowe LLP | $13,125 reported compensation |
| Empower Annuity Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013143634NAL0000724899001, received 2025-10-13, EIN 35-1908707, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.