Ipex USA, LLC. 401(k) Review & Grade
Ipex USA LLC Savings Plan
Manufacturing1,902 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,456Employer $ per active participant
$3,465Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$63.6MNet plan assets, end of year
$34,715Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 57th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $402 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ipex USA put in about $2,456 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.
- 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 | $4,672,289 |
| Participant (employee) contributions | $6,592,032 |
| Other contributions (incl. rollovers in) | $1,483,586 |
| Administrative expenses paid from the plan | $103,182 |
| Investment advisory & management fees | $24,160 |
| Benefits paid out | $5,744,164 |
| Net assets, start / end of year | $49.4M / $63.6M |
| Active participants, start / end of year | 1,455 / 2,350 |
| Participants with account balances | 1,832 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $79,022 reported compensation |
| Strategic Advisors, Inc. | $24,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251223150257NAL0005936739001, received 2025-12-23, EIN 51-0368062, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.