Abx Innovative Packaging 401(k) Review & Grade
Abx 401(k) Retirement Plan
Charlotte, NCManufacturing692 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,601Employer $ per active participant
$4,440Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$43.1MNet plan assets, end of year
$52,980Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost14.1 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 57th |
| Employee saving | 43th |
| 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 ($13,857 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Abx Innovative Packaging put in about $1,601 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,108,847 |
| Participant (employee) contributions | $3,074,506 |
| Other contributions (incl. rollovers in) | $269,346 |
| Administrative expenses paid from the plan | $77,591 |
| Investment advisory & management fees | $55,317 |
| Benefits paid out | $6,166,920 |
| Net assets, start / end of year | $40.5M / $43.1M |
| Active participants, start / end of year | 700 / 685 |
| Participants with account balances | 814 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Belfint, Lyons & Shuman, PA |
Largest service providers (Schedule C)
| Adp, Inc. | $41,027 reported compensation |
| MML Investors Services, Inc. | $36,562 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250616050605NAL0000656449001, received 2025-06-16, EIN 85-3261538, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.