Quad/graphics, Inc. 401(k) Review & Grade
Quad/graphics Diversified Plan
Sussex, WIManufacturing9,057 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,553Employer $ per active participant
$6,988Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$151,028Average balance per account
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 74th |
| Employee saving | 60th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Fraud or dishonesty loss: the plan reported a loss caused by fraud or dishonesty during the year.
Corrective distributions: the plan refunded $4,638 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Quad/graphics put in about $1,553 per active participant, below the typical peer ($3,452). 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.
- 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 | $14,065,142 |
| Participant (employee) contributions | $63,286,780 |
| Other contributions (incl. rollovers in) | $5,855,247 |
| Administrative expenses paid from the plan | $1,219,031 |
| Contract administrator fees | $1,070,044 |
| Investment advisory & management fees | $96,000 |
| Benefits paid out | $311,287,865 |
| Net assets, start / end of year | $2.1B / $2.1B |
| Active participants, start / end of year | 9,601 / 8,513 |
| Participants with account balances | 13,783 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,070,044 reported compensation |
| Mariner Institutional, LLC | $96,000 reported compensation |
| Baker Tilly US, LLP | $25,725 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010081127NAL0012113136001, received 2025-10-10, EIN 39-1152983, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.