Batteries Plus, LLC 401(k) Review & Grade
Batteries Plus, LLC 401(k) Plan
Hartland, WIRetail Trade1,024 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,439Employer $ per active participant
$3,525Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$41.1MNet plan assets, end of year
$32,276Average balance per account
Score breakdown
- Employer generosity37.0 / 5074th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 45th |
| Employee saving | 59th |
| Peers that auto-enroll | 48% |
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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 ($3,013 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
- Batteries Plus put in about $1,439 per active participant, more than the typical peer ($743). 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 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 | $1,474,602 |
| Participant (employee) contributions | $3,610,947 |
| Other contributions (incl. rollovers in) | $240,895 |
| Administrative expenses paid from the plan | $108,469 |
| Contract administrator fees | $68,902 |
| Investment advisory & management fees | $39,567 |
| Benefits paid out | $9,238,274 |
| Net assets, start / end of year | $40.0M / $41.1M |
| Active participants, start / end of year | 1,034 / 1,015 |
| Participants with account balances | 1,274 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Lincoln National Corporation | $68,902 reported compensation |
| Merrill Lynch | $39,567 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923112543NAL0007251328001, received 2025-09-23, EIN 39-1703248, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.