Marvin Lumber and Cedar Company 401(k) Review & Grade
The Marvin Companies Profit Sharing and 401(k) Plan
Warroad, MNManufacturing7,351 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,591Employer $ per active participant
$4,649Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$692.9MNet plan assets, end of year
$77,244Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 46th |
| Employee saving | 32th |
| Peers that auto-enroll | 70% |
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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
- Marvin Lumber and Cedar put in about $2,591 per active participant, below the typical peer ($3,452). 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 | $19,046,862 |
| Participant (employee) contributions | $34,176,761 |
| Other contributions (incl. rollovers in) | $4,619,448 |
| Administrative expenses paid from the plan | $899,446 |
| Investment advisory & management fees | $567,999 |
| Other admin expenses | $1,500 |
| Benefits paid out | $53,387,166 |
| Net assets, start / end of year | $592.3M / $692.9M |
| Active participants, start / end of year | 6,770 / 7,932 |
| Participants with account balances | 8,970 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group, LLC | $487,999 reported compensation |
| Empower Annuity Ins Co of America | $469,826 reported compensation |
| Sageview Advisory Group LLC | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623144934NAL0006053185001, received 2025-06-23, EIN 41-0396845, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.