Blain Supply, Inc. 401(k) Review & Grade
Blain Supply and Farm & Fleet Profit Sharing 401k Plan
Janesville, WIRetail Trade3,424 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,675Employer $ per active participant
$1,943Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$209.5MNet plan assets, end of year
$51,356Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 41th |
| Employee saving | 48th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,871 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Blain Supply put in about $1,675 per active participant, more than the typical peer ($650). 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 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 | $5,734,116 |
| Participant (employee) contributions | $6,651,562 |
| Other contributions (incl. rollovers in) | $481,677 |
| Administrative expenses paid from the plan | $329,654 |
| Investment advisory & management fees | $25,000 |
| Benefits paid out | $23,122,807 |
| Net assets, start / end of year | $197.7M / $209.5M |
| Active participants, start / end of year | 3,477 / 3,371 |
| Participants with account balances | 4,080 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $304,654 reported compensation |
| Oneamerica Investment Advisory Svcs | $25,000 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260312104214NAL0006714896001, received 2026-03-12, EIN 39-1104710, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.