Kolbe & Kolbe Millwork Co., Inc. 401(k) Review & Grade
Kolbe & Kolbe Millwork Co., Inc. Retirement Savings Plan
Wausau, WIManufacturing904 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,170Employer $ per active participant
$4,367Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$99.3MNet plan assets, end of year
$92,826Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 64th |
| Employee saving | 42th |
| 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
- Kolbe & Kolbe Millwork Co. put in about $1,170 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 | $1,057,963 |
| Participant (employee) contributions | $3,950,353 |
| Other contributions (incl. rollovers in) | $381,975 |
| Administrative expenses paid from the plan | $140,376 |
| Investment advisory & management fees | $140,376 |
| Benefits paid out | $8,776,816 |
| Net assets, start / end of year | $92.1M / $99.3M |
| Active participants, start / end of year | 917 / 892 |
| Participants with account balances | 1,070 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
| Employer stock held by plan | $6,278,364 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $140,376 reported compensation |
| Morningstar Investment Management | $0 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095859NAL0008961986001, received 2025-10-15, EIN 39-1193314, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.