Creative Liquid Coatings, Inc. 401(k) Review & Grade
Creative Liquid Coatings, Inc. 401(k) Plan
Kendallville, INManufacturing1,846 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$508Employer $ per active participant
$1,069Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 34th |
| Employee saving | 4th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,295 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Creative Liquid Coatings put in about $508 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $938,215 |
| Participant (employee) contributions | $1,973,071 |
| Other contributions (incl. rollovers in) | $304,679 |
| Administrative expenses paid from the plan | $24,048 |
| Benefits paid out | $1,208,760 |
| Net assets, start / end of year | $5.4M / $8.1M |
| Active participants, start / end of year | 2,014 / 1,679 |
| Participants with account balances | 761 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Atm & Company |
Largest service providers (Schedule C)
| Adp, Inc. | $24,048 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260511113043NAL0007008320001, received 2026-05-11, EIN 35-1993102, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.