Musco Corporation 401(k) Review & Grade
Musco Profit Sharing and Employee Savings Plan
Oskaloosa, IAManufacturing1,506 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,449Employer $ per active participant
$8,199Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$344.3MNet plan assets, end of year
$193,958Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 70th |
| Employee saving | 82th |
| 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
- Musco put in about $11,449 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 | $17,247,516 |
| Participant (employee) contributions | $12,351,978 |
| Other contributions (incl. rollovers in) | $2,108,666 |
| Administrative expenses paid from the plan | $384,392 |
| Investment advisory & management fees | $51,000 |
| Other admin expenses | $27,133 |
| Benefits paid out | $30,833,962 |
| Net assets, start / end of year | $306.7M / $344.3M |
| Active participants, start / end of year | 1,425 / 1,588 |
| Participants with account balances | 1,775 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forge Financial & Management Consul |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $291,174 reported compensation |
| Advanced Capital Group | $51,000 reported compensation |
| Forge Financial and Management Cons | $15,085 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003161553NAL0002623040001, received 2025-10-03, EIN 42-1107452, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.