Crystal Finishing Systems, Inc. 401(k) Review & Grade
Crystal Finishing Systems, Inc. 401(k) Plan
Schofield, WIManufacturing762 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,158Employer $ per active participant
$2,128Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$21.2MNet plan assets, end of year
$25,973Average balance per account
Score breakdown
- Employer generosity10.6 / 5021th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 12th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,712 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crystal Finishing Systems put in about $1,158 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 (0.74% 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.
- 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 | $882,066 |
| Participant (employee) contributions | $1,620,485 |
| Other contributions (incl. rollovers in) | $155,579 |
| Administrative expenses paid from the plan | $148,982 |
| Benefits paid out | $2,421,933 |
| Net assets, start / end of year | $18.9M / $21.2M |
| Active participants, start / end of year | 788 / 735 |
| Participants with account balances | 816 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Woodtrust Bank | $148,942 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902165918NAL0030071458001, received 2025-09-02, EIN 39-1815965, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.