Sioux Chief Manufacturing Company, Inc. 401(k) Review & Grade
Sioux Chief 401(k) Profit Sharing Plan
Kansas City, MOManufacturing506 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,082Employer $ per active participant
$3,044Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$46.8MNet plan assets, end of year
$72,017Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 32th |
| Employee saving | 23th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $148 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sioux Chief Manufacturing Company put in about $2,082 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 | $1,054,712 |
| Participant (employee) contributions | $1,541,891 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $166,655 |
| Benefits paid out | $2,165,360 |
| Net assets, start / end of year | $41.3M / $46.8M |
| Active participants, start / end of year | 479 / 534 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubin Brown LLP |
Largest service providers (Schedule C)
| Creative Planning | $114,040 reported compensation |
| Epic Retirement Plan Services | $69,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015161626NAL0006893328003, received 2025-10-15, EIN 48-0631969, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.