Future Foam, Inc. 401(k) Review & Grade
Future Foam Inc 401(k) PS Retirement Plan
Council Bluffs, IAManufacturing1,064 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$249Employer $ per active participant
$4,056Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$58.1MNet plan assets, end of year
$59,890Average balance per account
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 70th |
| Employee saving | 38th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $170,320 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Future Foam put in about $249 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.
- 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 | $265,076 |
| Participant (employee) contributions | $4,316,076 |
| Other contributions (incl. rollovers in) | $1,118 |
| Administrative expenses paid from the plan | $64,551 |
| Contract administrator fees | $56,469 |
| Investment advisory & management fees | $8,082 |
| Benefits paid out | $6,834,111 |
| Net assets, start / end of year | $54.0M / $58.1M |
| Active participants, start / end of year | 1,065 / 1,063 |
| Participants with account balances | 970 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frankel, LLC |
Largest service providers (Schedule C)
| Ascensus LLC | $38,562 reported compensation |
| United of Omaha | $17,907 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007135409NAL0011682514001, received 2025-10-07, EIN 42-0836191, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.