R.J. Schinner Co., Inc. 401(k) Review & Grade
R.J. Schinner Co., Inc. 401k Savings Plan
Menomonee Falls, WIWholesale Trade573 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,287Employer $ per active participant
$4,016Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$27.4MNet plan assets, end of year
$75,473Average balance per account
Score breakdown
- Employer generosity16.6 / 5033th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 17th |
| Employee saving | 39th |
| Peers that auto-enroll | 53% |
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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
- R.J. Schinner Co. put in about $1,287 per active participant, below the typical peer ($1,792). 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.
- Direct plan expenses (0.61% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $737,329 |
| Participant (employee) contributions | $2,301,094 |
| Other contributions (incl. rollovers in) | $181,676 |
| Administrative expenses paid from the plan | $153,644 |
| Contract administrator fees | $153,644 |
| Benefits paid out | $2,165,905 |
| Net assets, start / end of year | $23.0M / $27.4M |
| Active participants, start / end of year | 584 / 562 |
| Participants with account balances | 363 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Equitable Life Insurance Co | $201,048 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801121148NAL0007158081001, received 2025-08-01, EIN 39-0956660, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.