Shumaker, Loop and Kendrick, LLP 401(k) Review & Grade
Shumaker, Loop and Kendrick Retirement Plan
Toledo, OHProfessional, Scientific & Technical Services506 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13,901Employer $ per active participant
$8,065Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$287.0MNet plan assets, end of year
$491,399Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 88th |
| Employee saving | 42th |
| Peers that auto-enroll | 48% |
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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
- Shumaker, Loop and Kendrick, LLP put in about $13,901 per active participant, more than the typical peer ($3,082). 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.
- 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 | $7,034,030 |
| Participant (employee) contributions | $4,081,044 |
| Other contributions (incl. rollovers in) | $837,407 |
| Administrative expenses paid from the plan | $131,502 |
| Contract administrator fees | $131,502 |
| Benefits paid out | $21,127,077 |
| Net assets, start / end of year | $258.6M / $287.0M |
| Active participants, start / end of year | 509 / 503 |
| Participants with account balances | 584 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $102,838 reported compensation |
| Empower Annuity Ins Co of America | $32,716 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102826NAL0001221667001, received 2025-10-14, EIN 34-4439491, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.