Doro, Incorporated 401(k) Review & Grade
Doro, Incorporated 401(k) Savings Plan and Trust
Eau Claire, WIAccommodation & Food Services672 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$118Employer $ per active participant
$649Employee $ saved per active participant
1.10%Direct admin cost, % of plan assets
$4.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost1.4 / 255th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 5th |
| Employee saving | 40th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,594 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Doro, Incorporated put in about $118 per active participant, below the typical peer ($266). 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 (1.10% 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 | $79,521 |
| Participant (employee) contributions | $436,723 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $47,151 |
| Contract administrator fees | $18,610 |
| Investment advisory & management fees | $13,441 |
| Benefits paid out | $1,108,370 |
| Net assets, start / end of year | $4.4M / $4.2M |
| Active participants, start / end of year | 687 / 658 |
| Participants with account balances | 162 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli, LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $18,610 reported compensation |
| Merrill Lynch Retirement & Benefit | $13,441 reported compensation |
| Wipfli LLP | $8,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014081005NAL0002382673001, received 2025-10-14, EIN 39-1391153, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.