Sartori Company 401(k) Review & Grade
Sartori Company Retirement Savings Plan
Plymouth, WIManufacturing645 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,038Employer $ per active participant
$5,975Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$40.7MNet plan assets, end of year
$53,606Average balance per account
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 40th |
| Employee saving | 63th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,665 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sartori put in about $2,038 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 | $1,314,191 |
| Participant (employee) contributions | $3,854,081 |
| Other contributions (incl. rollovers in) | $718,973 |
| Administrative expenses paid from the plan | $119,060 |
| Contract administrator fees | $63,500 |
| Investment advisory & management fees | $54,566 |
| Benefits paid out | $5,900,156 |
| Net assets, start / end of year | $37.1M / $40.7M |
| Active participants, start / end of year | 629 / 661 |
| Participants with account balances | 760 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $63,500 reported compensation |
| Robert W. Baird & Co. Incorporated | $38,869 reported compensation |
| Cliftonlarsonallen LLP | $16,707 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003164259NAL0000975411001, received 2025-10-03, EIN 39-0768447, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.