New Pig Corporation 401(k) Review & Grade
New Pig Corporation Profit Sharing 401(k) Plan
Tipton, PAManufacturing638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,910Employer $ per active participant
$4,228Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$98.1MNet plan assets, end of year
$124,602Average balance per account
Score breakdown
- Employer generosity30.8 / 5062th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 37th |
| Employee saving | 40th |
| 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
- New Pig put in about $2,910 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 | $1,856,855 |
| Participant (employee) contributions | $2,697,687 |
| Other contributions (incl. rollovers in) | $328,934 |
| Administrative expenses paid from the plan | $302,070 |
| Investment advisory & management fees | $242,798 |
| Benefits paid out | $3,949,966 |
| Net assets, start / end of year | $86.0M / $98.1M |
| Active participants, start / end of year | 606 / 670 |
| Participants with account balances | 787 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Buckno Lisicky & Company |
Largest service providers (Schedule C)
| Fulton Bank, N.A. | $282,070 reported compensation |
| Bdo USA P.C. | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717092901NAL0000048498001, received 2025-07-17, EIN 23-2363423, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.