Packsize LLC 401(k) Review & Grade
Packsize 401(k) Plan
Salt Lake City, UTManufacturing638 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,106Employer $ per active participant
$7,666Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$37.6MNet plan assets, end of year
$51,187Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 38th |
| Employee saving | 78th |
| 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
Corrective distributions: the plan refunded $90,125 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Packsize put in about $4,106 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 | $2,617,475 |
| Participant (employee) contributions | $4,887,389 |
| Other contributions (incl. rollovers in) | $1,268,919 |
| Administrative expenses paid from the plan | $105,181 |
| Investment advisory & management fees | $54,498 |
| Benefits paid out | $3,527,239 |
| Net assets, start / end of year | $27.9M / $37.6M |
| Active participants, start / end of year | 637 / 638 |
| Participants with account balances | 734 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tanner |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $50,683 reported compensation |
| Onedigital Investment Advisors LLC | $38,948 reported compensation |
| Resources Investment Advisors, LLC | $15,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014092457NAL0001169347001, received 2025-10-14, EIN 26-1241626, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.