Inteplast Group Corporation 401(k) Review & Grade
Inteplast Group Corporation Employees Savings Plan
Livingston, NJManufacturing4,398 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,506Employer $ per active participant
$4,238Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$373.6MNet plan assets, end of year
$66,998Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 71th |
| Employee saving | 27th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $68,941 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Inteplast Group put in about $2,506 per active participant, below the typical peer ($3,452). 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.
- 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 | $11,020,840 |
| Participant (employee) contributions | $18,635,306 |
| Other contributions (incl. rollovers in) | $4,090,175 |
| Administrative expenses paid from the plan | $226,696 |
| Benefits paid out | $32,877,150 |
| Net assets, start / end of year | $326.8M / $373.6M |
| Active participants, start / end of year | 4,248 / 4,547 |
| Participants with account balances | 5,577 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $226,696 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010155228NAL0004389155001, received 2025-10-10, EIN 38-3979430, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.