Kingspan Holdings Panels US Inc. 401(k) Review & Grade
Kingspan Holdings Panels US Inc. 401(k) Plan
Deland, FLManufacturing578 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,951Employer $ per active participant
$6,334Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$41.9MNet plan assets, end of year
$61,608Average balance per account
Score breakdown
- Employer generosity31.3 / 5063th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 43th |
| Employee saving | 67th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($246,383 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Kingspan Holdings Panels US put in about $2,951 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,705,754 |
| Participant (employee) contributions | $3,660,889 |
| Other contributions (incl. rollovers in) | $325,762 |
| Administrative expenses paid from the plan | $111,039 |
| Investment advisory & management fees | $46,875 |
| Benefits paid out | $5,911,275 |
| Net assets, start / end of year | $37.4M / $41.9M |
| Active participants, start / end of year | 588 / 568 |
| Participants with account balances | 680 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gorfine Schiller & Gardyn P.A. |
Largest service providers (Schedule C)
| Adp, Inc. | $64,164 reported compensation |
| Greenspring Advisors, LLC | $46,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171633NAL0005234673001, received 2025-10-15, EIN 26-2903876, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.