Paperworks Industries, Inc. 401(k) Review & Grade
Paperworks Industries, Inc. Savings Plan
Fort Washington, PAManufacturing730 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,443Employer $ per active participant
$5,120Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$57.5MNet plan assets, end of year
$68,140Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 78th |
| Employee saving | 53th |
| 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
- Paperworks Industries put in about $2,443 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 | $1,783,720 |
| Participant (employee) contributions | $3,737,263 |
| Other contributions (incl. rollovers in) | $628,274 |
| Administrative expenses paid from the plan | $46,427 |
| Contract administrator fees | $46,427 |
| Benefits paid out | $8,301,360 |
| Net assets, start / end of year | $53.2M / $57.5M |
| Active participants, start / end of year | 736 / 724 |
| Participants with account balances | 844 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith and Brown |
Largest service providers (Schedule C)
| Creative Planning, Inc. | $102,394 reported compensation |
| Principal Life Insurance Company | $46,426 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006092955NAL0003420993001, received 2025-10-06, EIN 26-2919931, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.