Formulated Solutions, LLC 401(k) Review & Grade
Formulated Solutions 401(k) Plan
Largo, FLManufacturing628 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,840Employer $ per active participant
$3,836Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$14.2MNet plan assets, end of year
$28,211Average balance per account
Score breakdown
- Employer generosity19.6 / 5039th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 96th |
| Employee saving | 34th |
| 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
- Formulated Solutions put in about $1,840 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 | $1,156,722 |
| Participant (employee) contributions | $2,410,704 |
| Other contributions (incl. rollovers in) | $1,706,744 |
| Administrative expenses paid from the plan | $2,094 |
| Other admin expenses | $2,094 |
| Benefits paid out | $2,826,983 |
| Net assets, start / end of year | $10.3M / $14.2M |
| Active participants, start / end of year | 704 / 553 |
| Participants with account balances | 504 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Edward Jones & Co LP | $41,326 reported compensation |
| Signature Benefit Solutions, Inc. | $16,125 reported compensation |
| Empower Annuity Insurance Co of Ame | $6,064 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163908NAL0005443281001, received 2025-10-15, EIN 59-3679835, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.