Kinze Manufacturing, Inc. 401(k) Review & Grade
Kinze Manufacturing, Inc. 401(k) Profit Sharing Plan
Williamsburg, IAManufacturing693 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,850Employer $ per active participant
$6,140Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$90.9MNet plan assets, end of year
$114,821Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 72th |
| Employee saving | 65th |
| 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
- Kinze Manufacturing put in about $1,850 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.
- 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 | $1,282,002 |
| Participant (employee) contributions | $4,255,288 |
| Other contributions (incl. rollovers in) | $273,406 |
| Administrative expenses paid from the plan | $97,036 |
| Investment advisory & management fees | $80,000 |
| Benefits paid out | $10,441,146 |
| Net assets, start / end of year | $84.0M / $90.9M |
| Active participants, start / end of year | 829 / 557 |
| Participants with account balances | 792 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dahm, Knapp & Associates, PC |
Largest service providers (Schedule C)
| Intellicents Invest Solutions Inc | $80,000 reported compensation |
| Fidelity Investments Institutional | $17,036 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250904091309NAL0027208656001, received 2025-09-04, EIN 42-0992582, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.