Automann, Inc. 401(k) Review & Grade
Automann, Inc. 401(k) Profit Sharing Plan & Trust
Monroe Township, NJWholesale Trade706 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$422Employer $ per active participant
$2,244Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$11.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 10th |
| Employee saving | 14th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,523 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Automann put in about $422 per active participant, below the typical peer ($1,792). 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 (0.79% 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 | $297,899 |
| Participant (employee) contributions | $1,583,921 |
| Other contributions (incl. rollovers in) | $402,241 |
| Administrative expenses paid from the plan | $77,295 |
| Investment advisory & management fees | $23,171 |
| Benefits paid out | $899,820 |
| Net assets, start / end of year | $8.6M / $11.0M |
| Active participants, start / end of year | 630 / 782 |
| Participants with account balances | 330 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohn Reznick LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $54,124 reported compensation |
| Wilmington Trust, National Associat | $23,171 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926051436NAL0003867299001, received 2025-09-26, EIN 22-3313040, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.