Rohrer Corporation 401(k) Review & Grade
Rohrer Corporation Amended and Restated Profit Sharing Plan and Trust
Wadsworth, OHManufacturing759 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$447Employer $ per active participant
$4,134Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$75.4MNet plan assets, end of year
$81,818Average balance per account
Score breakdown
- Employer generosity3.0 / 506th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 38th |
| Employee saving | 39th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,966 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rohrer put in about $447 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.
- 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 | $339,486 |
| Participant (employee) contributions | $3,137,672 |
| Other contributions (incl. rollovers in) | $297,487 |
| Administrative expenses paid from the plan | $255,502 |
| Contract administrator fees | $255,502 |
| Benefits paid out | $20,395,876 |
| Net assets, start / end of year | $81.4M / $75.4M |
| Active participants, start / end of year | 813 / 705 |
| Participants with account balances | 921 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $255,502 reported compensation |
| LPL Financial LLC | $72,668 reported compensation |
| Wellth Advisory Services, LLC | $35,607 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930142133NAL0012393633001, received 2025-09-30, EIN 34-1134300, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.