Polymer Enterprises, Inc. 401(k) Review & Grade
Polymer Enterprises, Inc. Retirement Savings Plan
Indiana, PAManufacturing584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,725Employer $ per active participant
$2,465Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$68.4MNet plan assets, end of year
$98,695Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 44th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,251 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Polymer Enterprises put in about $2,725 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.
- 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 | $1,591,363 |
| Participant (employee) contributions | $1,439,272 |
| Other contributions (incl. rollovers in) | $41,484 |
| Administrative expenses paid from the plan | $178,175 |
| Contract administrator fees | $122,400 |
| Investment advisory & management fees | $49,625 |
| Other admin expenses | $6,150 |
| Benefits paid out | $4,453,879 |
| Net assets, start / end of year | $61.3M / $68.4M |
| Active participants, start / end of year | 587 / 581 |
| Participants with account balances | 693 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deluzio & Company, LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $128,572 reported compensation |
| Mariner Institutional LLC | $43,125 reported compensation |
| Deluzio and Company, LLP | $6,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002125149NAL0000310787001, received 2025-10-02, EIN 25-0650190, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.