Profile Products LLC 401(k) Review & Grade
Profile Products LLC Employees' Savings & Retirement Plan
Buffalo Grove, ILManufacturing546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$971Employer $ per active participant
$3,656Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$23.7MNet plan assets, end of year
$56,917Average balance per account
Score breakdown
- Employer generosity8.1 / 5016th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 86th |
| Employee saving | 32th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,733 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Profile Products put in about $971 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 | $529,979 |
| Participant (employee) contributions | $1,995,930 |
| Other contributions (incl. rollovers in) | $112,369 |
| Administrative expenses paid from the plan | $11,417 |
| Investment advisory & management fees | $7,098 |
| Benefits paid out | $1,756,521 |
| Net assets, start / end of year | $19.5M / $23.7M |
| Active participants, start / end of year | 525 / 567 |
| Participants with account balances | 417 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $7,098 reported compensation |
| Fidelity Investments Institutional | $4,319 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012135629NAL0000861456001, received 2025-10-12, EIN 84-1433208, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.