Membrane Holdings LLC 401(k) Review & Grade
Entek 401(k) Plan
Lebanon, ORManufacturing568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,714Employer $ per active participant
$5,530Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$66.7MNet plan assets, end of year
$116,534Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 43th |
| Employee saving | 59th |
| 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 ($9,175 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
- Membrane Holdings put in about $2,714 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 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 | $1,541,615 |
| Participant (employee) contributions | $3,140,829 |
| Other contributions (incl. rollovers in) | $262,107 |
| Administrative expenses paid from the plan | $176,987 |
| Investment advisory & management fees | $90,486 |
| Benefits paid out | $6,128,399 |
| Net assets, start / end of year | $60.9M / $66.7M |
| Active participants, start / end of year | 567 / 569 |
| Participants with account balances | 572 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kernutt Stokes |
Largest service providers (Schedule C)
| Wells Fargo Advisors LLC | $90,486 reported compensation |
| Empower Annuity Insurance Company | $65,582 reported compensation |
| Kernutt, Stokes, Brandt & Co. | $20,918 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011133943NAL0005133283001, received 2025-10-11, EIN 41-2252809, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.