Pleasant River Lumber Company 401(k) Review & Grade
Pleasant River Lumber Company 401(k) Plan
Dover-Foxcroft, MEManufacturing594 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,635Employer $ per active participant
$2,821Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$21.6MNet plan assets, end of year
$41,916Average balance per account
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 18th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($648,536 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Pleasant River Lumber put in about $1,635 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 (0.58% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $972,088 |
| Participant (employee) contributions | $1,677,188 |
| Other contributions (incl. rollovers in) | $175,202 |
| Administrative expenses paid from the plan | $118,866 |
| Contract administrator fees | $8,679 |
| Other admin expenses | $13,583 |
| Benefits paid out | $3,043,642 |
| Net assets, start / end of year | $19.2M / $21.6M |
| Active participants, start / end of year | 637 / 552 |
| Participants with account balances | 515 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Newman Noyes LLC |
Largest service providers (Schedule C)
| Osaic Wealth, Inc | $44,652 reported compensation |
| Downeast Pension Services Inc | $43,483 reported compensation |
| Empower Annuity Insurance Company | $18,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013072727NAL0000343699001, received 2025-10-13, EIN 01-0465420, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.