Standex International Corporation 401(k) Review & Grade
The Hourly 401(k) Savings Plan
Salem, NHManufacturing876 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$555Employer $ per active participant
$1,105Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$21.1MNet plan assets, end of year
$22,158Average balance per account
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 89th |
| Employee saving | 4th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($38 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Standex International put in about $555 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $486,150 |
| Participant (employee) contributions | $968,885 |
| Other contributions (incl. rollovers in) | $34,185 |
| Administrative expenses paid from the plan | $8,997 |
| Investment advisory & management fees | $4,380 |
| Other admin expenses | $1,461 |
| Benefits paid out | $3,629,555 |
| Net assets, start / end of year | $20.4M / $21.1M |
| Active participants, start / end of year | 622 / 1,131 |
| Participants with account balances | 953 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $3,156 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925084831NAL0007462241001, received 2025-09-25, EIN 31-0596149, plan #051, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.