PK U.S.A. Inc. 401(k) Review & Grade
PK U.S.A. 401k Plan
Shelbyville, INManufacturing598 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$747Employer $ per active participant
$1,525Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$20.7MNet plan assets, end of year
$61,121Average balance per account
Score breakdown
- Employer generosity5.7 / 5011th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 95th |
| Employee saving | 7th |
| 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 $12,574 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PK U.S.A. put in about $747 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.
- 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 | $446,866 |
| Participant (employee) contributions | $911,751 |
| Other contributions (incl. rollovers in) | $88,378 |
| Administrative expenses paid from the plan | $4,110 |
| Contract administrator fees | $4,110 |
| Benefits paid out | $2,570,495 |
| Net assets, start / end of year | $19.5M / $20.7M |
| Active participants, start / end of year | 619 / 577 |
| Participants with account balances | 339 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| American United Life Insurance Co | $65,489 reported compensation |
| Gallagher Fiduciary Advisors | $42,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006082057NAL0003146001001, received 2025-10-06, EIN 62-1359375, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.