Montaplast of North America Inc 401(k) Review & Grade
Montaplast of North America Inc 401(k) Plan
Frankfort, KYManufacturing1,298 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,169Employer $ per active participant
$2,766Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$54.4MNet plan assets, end of year
$76,124Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 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 | 20th |
| Peers that auto-enroll | 59% |
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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
- Montaplast of North America put in about $1,169 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 | $1,516,699 |
| Participant (employee) contributions | $3,588,294 |
| Other contributions (incl. rollovers in) | $793,075 |
| Administrative expenses paid from the plan | $43,534 |
| Investment advisory & management fees | $27,490 |
| Benefits paid out | $4,349,490 |
| Net assets, start / end of year | $45.6M / $54.4M |
| Active participants, start / end of year | 1,163 / 1,432 |
| Participants with account balances | 714 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $27,490 reported compensation |
| Fidelity Investments Institutional | $16,044 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251113145930NAL0000780291001, received 2025-11-13, EIN 61-1229263, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.