Bemis Manufacturing Company 401(k) Review & Grade
Bemis Manufacturing Company Extra Retirement Savings and Trust
Sheboygan Falls, WIManufacturing868 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,391Employer $ per active participant
$2,443Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$53.3MNet plan assets, end of year
$57,622Average balance per account
Score breakdown
- Employer generosity13.7 / 5027th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 95th |
| Employee saving | 16th |
| Peers that auto-enroll | 59% |
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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
- Bemis Manufacturing put in about $1,391 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.
- 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 | $1,208,311 |
| Participant (employee) contributions | $2,121,756 |
| Other contributions (incl. rollovers in) | $89,255 |
| Administrative expenses paid from the plan | $10,914 |
| Contract administrator fees | $10,914 |
| Benefits paid out | $6,339,702 |
| Net assets, start / end of year | $50.4M / $53.3M |
| Active participants, start / end of year | 890 / 847 |
| Participants with account balances | 925 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $10,913 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929160314NAL0011522961001, received 2025-09-29, EIN 39-0159363, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.