Geon Performance Solutions 401(k) Review & Grade
Geon Performance Solutions 401(k) Plan
Westlake, OHManufacturing647 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,556Employer $ per active participant
$7,411Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$115.5MNet plan assets, end of year
$144,048Average balance per account
Score breakdown
- Employer generosity34.7 / 5069th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 60th |
| Employee saving | 76th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $6,744 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Geon Performance Solutions put in about $3,556 per active participant, more than the typical peer ($2,320). 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.
- 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 | $2,300,963 |
| Participant (employee) contributions | $4,794,696 |
| Other contributions (incl. rollovers in) | $275,010 |
| Administrative expenses paid from the plan | $181,155 |
| Investment advisory & management fees | $112,729 |
| Benefits paid out | $13,049,095 |
| Net assets, start / end of year | $103.3M / $115.5M |
| Active participants, start / end of year | 641 / 653 |
| Participants with account balances | 802 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plancheck Cpas LLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $70,288 reported compensation |
| Fidelity Investments Institutional | $68,421 reported compensation |
| Strategic Advisors, Inc. | $42,441 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918140414NAL0003343010001, received 2025-09-18, EIN 84-3122624, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.