Molded Fiber Glass Companies 401(k) Review & Grade
Molded Fiber Glass Companies Profit Sharing & 401(k) Plan
Ashtabula, OHManufacturing1,580 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$458Employer $ per active participant
$2,054Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$67.2MNet plan assets, end of year
$56,734Average balance per account
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score7 / 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 | 49th |
| Employee saving | 12th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $330,123 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Molded Fiber Glass Companies put in about $458 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 | $723,422 |
| Participant (employee) contributions | $3,244,679 |
| Other contributions (incl. rollovers in) | $155,255 |
| Administrative expenses paid from the plan | $153,896 |
| Investment advisory & management fees | $113,766 |
| Benefits paid out | $8,709,205 |
| Net assets, start / end of year | $62.8M / $67.2M |
| Active participants, start / end of year | 1,099 / 2,060 |
| Participants with account balances | 1,184 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pease Bell Cpas, LLC |
Largest service providers (Schedule C)
| Ameriprise Financial Services Inc | $113,766 reported compensation |
| Pease Bell Cpas | $29,855 reported compensation |
| Fidelity Investments Institutional | $10,275 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909091130NAL0012795875001, received 2025-09-09, EIN 34-0684871, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.