Force America, Inc. 401(k) Review & Grade
Force America, Inc. 401(k) Plan
Savage, MNWholesale Trade628 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,000Employer $ per active participant
$4,697Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$66.1MNet plan assets, end of year
$96,051Average balance per account
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 58th |
| Employee saving | 50th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $164,187 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Force America put in about $1,000 per active participant, below the typical peer ($1,792). 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 | $628,235 |
| Participant (employee) contributions | $2,949,577 |
| Other contributions (incl. rollovers in) | $2,543,531 |
| Administrative expenses paid from the plan | $92,974 |
| Contract administrator fees | $92,974 |
| Benefits paid out | $4,082,646 |
| Net assets, start / end of year | $38.5M / $66.1M |
| Active participants, start / end of year | 627 / 629 |
| Participants with account balances | 688 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boulay Pllp |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $92,973 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260701103314NAL0012027875001, received 2026-07-01, EIN 41-0965174, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.