Activar, Inc. 401(k) Review & Grade
Activar, Inc. & Affiliated Companies Tax Deferred Savings Plan
Minneapolis, MNManufacturing514 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$468Employer $ per active participant
$2,587Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$23.9MNet plan assets, end of year
$72,573Average balance per account
Score breakdown
- Employer generosity3.2 / 506th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 26th |
| Employee saving | 18th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Activar put in about $468 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.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $240,668 |
| Participant (employee) contributions | $1,329,670 |
| Other contributions (incl. rollovers in) | $145,404 |
| Administrative expenses paid from the plan | $107,418 |
| Contract administrator fees | $17,629 |
| Investment advisory & management fees | $28,741 |
| Other admin expenses | $2,705 |
| Benefits paid out | $2,900,064 |
| Net assets, start / end of year | $22.9M / $23.9M |
| Active participants, start / end of year | 526 / 502 |
| Participants with account balances | 329 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $75,972 reported compensation |
| Advanced Capital Group | $31,421 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002104616NAL0000342561001, received 2025-10-02, EIN 41-1335237, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.