Affordable Interior Systems, Inc. 401(k) Review & Grade
Affordable Interior Systems, Inc. 401(k) Plan
Leominster, MAManufacturing920 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$518Employer $ per active participant
$3,066Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$30.5MNet plan assets, end of year
$30,850Average balance per account
Score breakdown
- Employer generosity3.6 / 507th percentile for employer $ per participant
- Low cost4.6 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 19th |
| Employee saving | 24th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $73,398 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Affordable Interior Systems put in about $518 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 (0.58% 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 | $477,277 |
| Participant (employee) contributions | $2,822,402 |
| Other contributions (incl. rollovers in) | $19,417 |
| Administrative expenses paid from the plan | $164,907 |
| Investment advisory & management fees | $3,556 |
| Benefits paid out | $2,874,322 |
| Net assets, start / end of year | $26.5M / $30.5M |
| Active participants, start / end of year | 958 / 883 |
| Participants with account balances | 989 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdmp Assurance, LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Co. | $154,965 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915060816NAL0001014512001, received 2025-09-15, EIN 04-3489948, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.