Unverferth Manufacturing Company, Inc. 401(k) Review & Grade
Unverferth Manufacturing Company, Inc. Profit Sharing and 401(k) Plan
Kalida, OHManufacturing1,279 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,069Employer $ per active participant
$5,450Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$234.8MNet plan assets, end of year
$159,609Average balance per account
Score breakdown
- Employer generosity46.6 / 5093th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 76th |
| Employee saving | 58th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $120,000 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Unverferth Manufacturing Company put in about $8,069 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 | $10,319,820 |
| Participant (employee) contributions | $6,970,766 |
| Other contributions (incl. rollovers in) | $852,720 |
| Administrative expenses paid from the plan | $201,350 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $19,151 |
| Other admin expenses | $46,000 |
| Benefits paid out | $19,132,058 |
| Net assets, start / end of year | $206.8M / $234.8M |
| Active participants, start / end of year | 1,335 / 1,223 |
| Participants with account balances | 1,471 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rea & Associates |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $121,199 reported compensation |
| Global Retirement Partners, LLC | $46,000 reported compensation |
| Strategic Advisors, Inc. | $19,151 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826093657NAL0014907648001, received 2025-08-26, EIN 34-0936989, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.