Lynden Door, Inc. 401(k) Review & Grade
Lynden Door, Inc. 401k Retirement Plan
Lynden, WAManufacturing1,006 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,190Employer $ per active participant
$2,570Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$38.7MNet plan assets, end of year
$31,501Average balance per account
Score breakdown
- Employer generosity11.2 / 5022th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 77th |
| Employee saving | 18th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,995 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lynden Door put in about $1,190 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.
- 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 | $1,196,695 |
| Participant (employee) contributions | $2,583,806 |
| Other contributions (incl. rollovers in) | $662,218 |
| Administrative expenses paid from the plan | $30,734 |
| Contract administrator fees | $13,926 |
| Investment advisory & management fees | $6,958 |
| Other admin expenses | $9,850 |
| Benefits paid out | $1,840,675 |
| Net assets, start / end of year | $31.7M / $38.7M |
| Active participants, start / end of year | 955 / 1,056 |
| Participants with account balances | 1,227 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson Gross Assurance, PLLC |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $13,926 reported compensation |
| Futureplan by Ascensus | $9,850 reported compensation |
| Wilshire Assoicates Inc. | $6,958 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102332NAL0002513297001, received 2025-10-14, EIN 91-1065124, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.