Performance Apparel Holdings, LLC D/B/A Kindthread LLC 401(k) Review & Grade
Kindthread 401(k) Plan
Anaheim, CAManufacturing597 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,008Employer $ per active participant
$2,048Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$20.3MNet plan assets, end of year
$28,712Average balance per account
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1512th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 23th |
| Employee saving | 12th |
| 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
- Performance Apparel Holdings, LLC D/B/A Kindthread put in about $1,008 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.51% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $601,520 |
| Participant (employee) contributions | $1,222,841 |
| Other contributions (incl. rollovers in) | $242,833 |
| Administrative expenses paid from the plan | $100,434 |
| Investment advisory & management fees | $29,051 |
| Benefits paid out | $3,835,425 |
| Net assets, start / end of year | $19.3M / $20.3M |
| Active participants, start / end of year | 647 / 547 |
| Participants with account balances | 706 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $71,383 reported compensation |
| Mma Securities LLC | $29,051 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172132NAL0002808387001, received 2025-10-15, EIN 87-3198795, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.