Toppan Merrill LLC 401(k) Review & Grade
Toppan Merrill 401(k) Plan
ST Paul, MNManufacturing1,001 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,783Employer $ per active participant
$9,118Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$460.8MNet plan assets, end of year
$285,141Average balance per account
Score breakdown
- Employer generosity36.2 / 5072th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 91th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Toppan Merrill put in about $3,783 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $3,786,332 |
| Participant (employee) contributions | $9,126,629 |
| Other contributions (incl. rollovers in) | $1,750,511 |
| Administrative expenses paid from the plan | $158,269 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $38,000 |
| Benefits paid out | $47,728,608 |
| Net assets, start / end of year | $409.4M / $460.8M |
| Active participants, start / end of year | 998 / 1,004 |
| Participants with account balances | 1,616 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Advanced Capital Group | $38,000 reported compensation |
| Fidelity Investments Institutional | −$70,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013152729NAL0003463122001, received 2025-10-13, EIN 83-1174166, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.