Preformed Line Products Company 401(k) Review & Grade
Preformed Line Products Company Profit Sharing Plan
Mayfield Village, OHManufacturing938 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,938Employer $ per active participant
$4,308Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$143.2MNet plan assets, end of year
$135,188Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 68th |
| Employee saving | 41th |
| 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
- Preformed Line Products put in about $5,938 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 | $5,566,644 |
| Participant (employee) contributions | $4,038,427 |
| Other contributions (incl. rollovers in) | $88,791 |
| Administrative expenses paid from the plan | $170,054 |
| Investment advisory & management fees | $59,969 |
| Benefits paid out | $9,309,424 |
| Net assets, start / end of year | $128.0M / $143.2M |
| Active participants, start / end of year | 959 / 916 |
| Participants with account balances | 1,059 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maloney & Novotny, LLC |
| Employer stock held by plan | $5,104,838 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $111,345 reported compensation |
| Lincoln Investment Planning LLC | $59,969 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903093127NAL0015049985001, received 2025-09-03, EIN 34-0676895, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.