Primary Products Ingredients Americas, LLC 401(k) Review & Grade
Primient Salaried Comprehensive Retirement Plan
Decatur, ILManufacturing1,135 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,125Employer $ per active participant
$10,240Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$216.2MNet plan assets, end of year
$166,030Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 72th |
| Employee saving | 90th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $107 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Primary Products Ingredients Americas put in about $7,125 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 | $8,087,403 |
| Participant (employee) contributions | $11,622,785 |
| Other contributions (incl. rollovers in) | $3,100,324 |
| Administrative expenses paid from the plan | $220,444 |
| Investment advisory & management fees | $30,280 |
| Benefits paid out | $20,268,805 |
| Net assets, start / end of year | $187.6M / $216.2M |
| Active participants, start / end of year | 1,122 / 1,148 |
| Participants with account balances | 1,302 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kruggel Lawton & Company, LLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $190,165 reported compensation |
| Sageview Advisory Group, LLC | $30,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152024NAL0004972257001, received 2025-10-15, EIN 37-1168475, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.