Neenah Enterprises, Inc. 401(k) Review & Grade
Neenah Enterprises, Inc. 401(k) Retirement Savings Plan
Neenah, WIManufacturing870 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,754Employer $ per active participant
$7,218Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$104.7MNet plan assets, end of year
$93,529Average balance per account
Score breakdown
- Employer generosity29.5 / 5059th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 51th |
| Employee saving | 75th |
| 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.
What to do if you're in this plan
- Neenah Enterprises put in about $2,754 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 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 | $2,394,442 |
| Participant (employee) contributions | $6,276,443 |
| Other contributions (incl. rollovers in) | $324,393 |
| Administrative expenses paid from the plan | $221,626 |
| Other admin expenses | $64,021 |
| Benefits paid out | $13,354,799 |
| Net assets, start / end of year | $97.5M / $104.7M |
| Active participants, start / end of year | 910 / 829 |
| Participants with account balances | 1,119 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $143,955 reported compensation |
| RVK | $64,021 reported compensation |
| Cliftonlarsonallen LLP | $13,650 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929125418NAL0012186640001, received 2025-09-29, EIN 25-1618281, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.