Otter Products, LLC 401(k) Review & Grade
Otter Products, LLC 401(k) Plan
Fort Collins, COManufacturing739 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,006Employer $ per active participant
$6,174Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$83.5MNet plan assets, end of year
$95,814Average balance per account
Score breakdown
- Employer generosity31.6 / 5063th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 78th |
| Employee saving | 66th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,405 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Otter Products put in about $3,006 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.
- 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 | $2,221,401 |
| Participant (employee) contributions | $4,562,391 |
| Other contributions (incl. rollovers in) | $1,187,558 |
| Administrative expenses paid from the plan | $66,352 |
| Investment advisory & management fees | $8,002 |
| Benefits paid out | $9,829,249 |
| Net assets, start / end of year | $74.4M / $83.5M |
| Active participants, start / end of year | 753 / 725 |
| Participants with account balances | 871 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P..C. |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $64,188 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013085209NAL0000413923001, received 2025-10-13, EIN 84-1304473, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.