Rusken Packaging, Inc. 401(k) Review & Grade
Rusken Packaging, Inc. 401(k) Plan
Cullman, ALManufacturing730 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,226Employer $ per active participant
$3,432Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$28.2MNet plan assets, end of year
$38,803Average balance per account
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 33th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,944 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rusken Packaging put in about $1,226 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.
- Direct plan expenses (0.38% 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 | $894,917 |
| Participant (employee) contributions | $2,505,383 |
| Other contributions (incl. rollovers in) | $100,291 |
| Administrative expenses paid from the plan | $101,360 |
| Contract administrator fees | $101,360 |
| Benefits paid out | $3,930,514 |
| Net assets, start / end of year | $25.7M / $28.2M |
| Active participants, start / end of year | 716 / 744 |
| Participants with account balances | 726 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $116,799 reported compensation |
| Benefit Plans, Inc. | $17,783 reported compensation |
| Mmlis | $8,026 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015165345NAL0002778195001, received 2025-10-15, EIN 63-0776136, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.