Oberg Industries, LLC 401(k) Review & Grade
The Savings & Investment Plan for Employees of Oberg Industries LLC
Freeport, PAManufacturing704 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,580Employer $ per active participant
$5,490Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$116.2MNet plan assets, end of year
$135,483Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 68th |
| Employee saving | 59th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Oberg Industries put in about $5,580 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 | $3,931,180 |
| Participant (employee) contributions | $3,867,650 |
| Other contributions (incl. rollovers in) | $2,164,977 |
| Administrative expenses paid from the plan | $137,995 |
| Investment advisory & management fees | $64,932 |
| Benefits paid out | $8,951,828 |
| Net assets, start / end of year | $102.5M / $116.2M |
| Active participants, start / end of year | 716 / 693 |
| Participants with account balances | 858 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $73,063 reported compensation |
| Ubs Financial Services Inc | $64,932 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010135502NAL0008261041001, received 2025-10-10, EIN 83-2134609, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.