Mana Products, Inc. 401(k) Review & Grade
Mana Products, Inc. Profit Sharing Plan
Long Island City, NYManufacturing520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$453Employer $ per active participant
$3,281Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$50.4MNet plan assets, end of year
$90,084Average balance per account
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 85th |
| Employee saving | 26th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($26,397 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $27,081 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mana Products put in about $453 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 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 | $235,556 |
| Participant (employee) contributions | $1,705,948 |
| Other contributions (incl. rollovers in) | $79,678 |
| Administrative expenses paid from the plan | $27,232 |
| Investment advisory & management fees | $3,744 |
| Benefits paid out | $6,080,946 |
| Net assets, start / end of year | $46.4M / $50.4M |
| Active participants, start / end of year | 551 / 489 |
| Participants with account balances | 560 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Macias,gini,&oconnell LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $27,232 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015085038NAL0004380161001, received 2025-10-15, EIN 13-2832494, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.