Fsi, Inc. 401(k) Review & Grade
Fsi, Inc. 401(k) & Profit Sharing Plan
Portage, WIAccommodation & Food Services1,634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$311Employer $ per active participant
$662Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$8.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 56th |
| Employee saving | 41th |
| Peers that auto-enroll | 17% |
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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
- Fsi put in about $311 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $508,355 |
| Participant (employee) contributions | $1,082,707 |
| Other contributions (incl. rollovers in) | $193,585 |
| Administrative expenses paid from the plan | $14,643 |
| Contract administrator fees | $2,329 |
| Investment advisory & management fees | $9,269 |
| Benefits paid out | $524,325 |
| Net assets, start / end of year | $6.7M / $8.8M |
| Active participants, start / end of year | 1,465 / 1,804 |
| Participants with account balances | 317 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mbe Cpas, LLP |
Largest service providers (Schedule C)
| Premier Retirement Partners | $9,906 reported compensation |
| Empower Advisory Group LLC | $9,269 reported compensation |
| Ameriprise Financial Services Inc | $7,572 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115302NAL0002688577001, received 2025-10-14, EIN 39-1751953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.