Shure Incorporated 401(k) Review & Grade
Shure Associates' 401(k) Savings and Profit Sharing Plan
Niles, ILManufacturing1,134 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,903Employer $ per active participant
$13,779Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$439.7MNet plan assets, end of year
$312,965Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 81th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Shure Incorporated put in about $14,903 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.
- 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 | $16,899,912 |
| Participant (employee) contributions | $15,625,662 |
| Other contributions (incl. rollovers in) | $1,604,314 |
| Administrative expenses paid from the plan | $293,143 |
| Investment advisory & management fees | $50,970 |
| Other admin expenses | $69,867 |
| Benefits paid out | $31,320,791 |
| Net assets, start / end of year | $388.0M / $439.7M |
| Active participants, start / end of year | 1,096 / 1,172 |
| Participants with account balances | 1,405 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $137,392 reported compensation |
| Sage View | $69,867 reported compensation |
| Strategic Advisors, Inc. | $50,970 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260331140735NAL0000076576001, received 2026-03-31, EIN 36-2060824, plan #003, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.