Kapco, Inc. 401(k) Review & Grade
Kapco, Inc. 401(k) Profit Sharing Plan
Grafton, WIManufacturing634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$924Employer $ per active participant
$3,094Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$22.8MNet plan assets, end of year
$37,208Average balance per account
Score breakdown
- Employer generosity7.6 / 5015th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 26th |
| Employee saving | 24th |
| 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
- Kapco put in about $924 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.45% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $585,622 |
| Participant (employee) contributions | $1,959,924 |
| Other contributions (incl. rollovers in) | $68,663 |
| Administrative expenses paid from the plan | $98,182 |
| Investment advisory & management fees | $35,263 |
| Other admin expenses | $9,820 |
| Benefits paid out | $2,913,832 |
| Net assets, start / end of year | $20.4M / $22.8M |
| Active participants, start / end of year | 683 / 584 |
| Participants with account balances | 614 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $48,095 reported compensation |
| Sentinel Pension Advisors | $35,263 reported compensation |
| T & C Services | $7,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014150152NAL0004326432001, received 2025-10-14, EIN 39-1176457, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.