Red Gold, Inc. 401(k) Review & Grade
Red Gold, Inc. 401(k) Profit Sharing Plan
Elwood, INManufacturing1,448 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,719Employer $ per active participant
$5,550Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$162.4MNet plan assets, end of year
$81,437Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 65th |
| Employee saving | 59th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Red Gold put in about $2,719 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.
- 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 | $3,937,111 |
| Participant (employee) contributions | $8,035,696 |
| Other contributions (incl. rollovers in) | $603,282 |
| Administrative expenses paid from the plan | $217,478 |
| Investment advisory & management fees | $78,815 |
| Benefits paid out | $16,205,232 |
| Net assets, start / end of year | $144.9M / $162.4M |
| Active participants, start / end of year | 1,394 / 1,502 |
| Participants with account balances | 1,994 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $139,153 reported compensation |
| Strategic Advisors, Inc. | $65,315 reported compensation |
| Shepherd Financial Investment | $13,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125733NAL0002947378001, received 2025-10-13, EIN 35-0307660, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.