Cardinal Glass Industries 401(k) Review & Grade
Cardinal Cash-In II Plan
Eden Prairie, MNManufacturing7,768 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,806Employer $ per active participant
$5,718Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$676.5MNet plan assets, end of year
$73,120Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 60th |
| Employee saving | 45th |
| Peers that auto-enroll | 70% |
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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
- Cardinal Glass Industries put in about $2,806 per active participant, below the typical peer ($3,452). 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 | $21,795,879 |
| Participant (employee) contributions | $44,415,052 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $578,049 |
| Contract administrator fees | $543,049 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $61,084,435 |
| Net assets, start / end of year | $597.0M / $676.5M |
| Active participants, start / end of year | 7,724 / 7,811 |
| Participants with account balances | 9,252 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $543,049 reported compensation |
| Advanced Capital Group | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822005308NAL0004686401001, received 2025-08-22, EIN 41-1989305, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.