A-Dec, Inc. 401(k) Review & Grade
A-Dec, Inc. 401(k) Profit Sharing Retirement Plan
Newberg, ORManufacturing1,230 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,367Employer $ per active participant
$6,008Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$248.7MNet plan assets, end of year
$163,651Average balance per account
Score breakdown
- Employer generosity46.9 / 5094th percentile for employer $ per participant
- Low cost20.1 / 2580th 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 score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 80th |
| Employee saving | 63th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,642 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- A-Dec put in about $8,367 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.
- 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 | $10,287,108 |
| Participant (employee) contributions | $7,386,579 |
| Other contributions (incl. rollovers in) | $1,249,540 |
| Administrative expenses paid from the plan | $178,929 |
| Investment advisory & management fees | $69,970 |
| Benefits paid out | $26,532,680 |
| Net assets, start / end of year | $228.9M / $248.7M |
| Active participants, start / end of year | 1,249 / 1,210 |
| Participants with account balances | 1,520 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KBF Cpas - Audit, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $117,804 reported compensation |
| Multnomah Group Inc | $61,125 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707185439NAL0003456705001, received 2025-07-07, EIN 93-0555952, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.