Priefert Manufacturing Company, Inc 401(k) Review & Grade
Priefert Manufacturing Co., Inc. 401(k) Retirement Trust
MT. Pleasant, TXManufacturing950 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,216Employer $ per active participant
$2,871Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$36.0MNet plan assets, end of year
$28,152Average balance per account
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
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 | 23th |
| Lower admin cost | 45th |
| Employee saving | 21th |
| 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
- Priefert Manufacturing Company put in about $1,216 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.
- 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 | $1,155,535 |
| Participant (employee) contributions | $2,728,470 |
| Other contributions (incl. rollovers in) | $957,663 |
| Administrative expenses paid from the plan | $90,382 |
| Other admin expenses | $11,411 |
| Benefits paid out | $3,759,386 |
| Net assets, start / end of year | $31.3M / $36.0M |
| Active participants, start / end of year | 937 / 964 |
| Participants with account balances | 1,277 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Henry & Peters, PC |
Largest service providers (Schedule C)
| Gerald Baker | $17,630 reported compensation |
| Charles Schwab | $4 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015045521NAL0001987395001, received 2025-10-15, EIN 75-1236931, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.