Keter US, Inc. 401(k) Review & Grade
Keter US, Inc. 401(k) Profit Sharing Plan
Stanley, NCManufacturing552 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,673Employer $ per active participant
$3,220Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$26.1MNet plan assets, end of year
$55,720Average balance per account
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 28th |
| Employee saving | 26th |
| 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
- Keter US put in about $1,673 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 (0.43% 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 | $923,602 |
| Participant (employee) contributions | $1,777,531 |
| Other contributions (incl. rollovers in) | $1,163,347 |
| Administrative expenses paid from the plan | $104,624 |
| Contract administrator fees | $104,624 |
| Benefits paid out | $3,244,681 |
| Net assets, start / end of year | $22.7M / $26.1M |
| Active participants, start / end of year | 541 / 563 |
| Participants with account balances | 468 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baden, Gage & Schroeder LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $104,623 reported compensation |
| Creative Planning, Inc. | $40,000 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014155748NAL0001623187001, received 2025-10-14, EIN 56-2041678, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.