Consumer Safety Technology, LLC, a Delaware LLC 401(k) Review & Grade
Consumer Safety Technology, LLC 401(k) Plan
Urbandale, IAManufacturing662 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,769Employer $ per active participant
$3,953Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$18.4MNet plan assets, end of year
$43,793Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost20.6 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 83th |
| Employee saving | 36th |
| 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
- Consumer Safety Technology, LLC, a Delaware put in about $1,769 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.
- 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 | $1,170,437 |
| Participant (employee) contributions | $2,614,644 |
| Other contributions (incl. rollovers in) | $1,488,159 |
| Administrative expenses paid from the plan | $10,968 |
| Contract administrator fees | $10,968 |
| Benefits paid out | $3,387,084 |
| Net assets, start / end of year | $14.5M / $18.4M |
| Active participants, start / end of year | 677 / 646 |
| Participants with account balances | 421 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $63,077 reported compensation |
| Wealthplan Partners Inc | $41,498 reported compensation |
| Qualified Plan Consultants | $8,299 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009155418NAL0011306592001, received 2025-10-09, EIN 80-0821856, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.