Johnsonville, LLC 401(k) Review & Grade
Johnsonville Profit Sharing and 401(k) Plan
Sheboygan Falls, WIManufacturing2,316 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,682Employer $ per active participant
$6,311Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$323.7MNet plan assets, end of year
$83,655Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 70th |
| Employee saving | 67th |
| Peers that auto-enroll | 59% |
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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
- Johnsonville put in about $4,682 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.
- 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 | $10,843,689 |
| Participant (employee) contributions | $14,616,926 |
| Other contributions (incl. rollovers in) | $2,471,708 |
| Administrative expenses paid from the plan | $361,162 |
| Other admin expenses | $361,162 |
| Benefits paid out | $43,531,016 |
| Net assets, start / end of year | $301.7M / $323.7M |
| Active participants, start / end of year | 2,000 / 2,632 |
| Participants with account balances | 3,870 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $178,383 reported compensation |
| The Vanguard Group, Inc. | $129,794 reported compensation |
| Francis LLC | $69,335 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729125109NAL0001618739001, received 2025-07-29, EIN 39-1982994, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.