Packers Sanitation Serivces, Inc. 401(k) Review & Grade
The Pssi 401(k) Plan & Trust
Kieler, WIManufacturing8,560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$62Employer $ per active participant
$265Employee $ saved per active participant
1.10%Direct admin cost, % of plan assets
$30.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.6 / 501th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 4th |
| Employee saving | 0th |
| Peers that auto-enroll | 70% |
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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
- Packers Sanitation Serivces put in about $62 per active participant, below the typical peer ($3,452). 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.
- Direct plan expenses (1.10% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $530,036 |
| Participant (employee) contributions | $2,270,164 |
| Other contributions (incl. rollovers in) | $354,130 |
| Administrative expenses paid from the plan | $327,426 |
| Other admin expenses | $241,576 |
| Benefits paid out | $4,863,419 |
| Net assets, start / end of year | $28.4M / $30.9M |
| Active participants, start / end of year | 10,053 / 7,067 |
| Participants with account balances | 1,087 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Mgo Oneseven Inc. | $144,055 reported compensation |
| Nationwide | $109,599 reported compensation |
| Mgo Oneseven Investment Advisors | $81,085 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007141619NAL0011720642001, received 2025-10-07, EIN 34-1864733, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.