Springs Window Fashions, LLC 401(k) Review & Grade
Springs Window Fashions 401(k) Retirement Plan
Middleton, WIManufacturing1,612 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,992Employer $ per active participant
$5,190Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$185.6MNet plan assets, end of year
$85,486Average balance per account
Score breakdown
- Employer generosity31.5 / 5063th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 70th |
| Employee saving | 54th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($51,398 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Springs Window Fashions put in about $2,992 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,821,765 |
| Participant (employee) contributions | $8,364,169 |
| Other contributions (incl. rollovers in) | $1,342,295 |
| Administrative expenses paid from the plan | $214,083 |
| Other admin expenses | $300 |
| Benefits paid out | $25,334,743 |
| Net assets, start / end of year | $177.1M / $185.6M |
| Active participants, start / end of year | 1,588 / 1,635 |
| Participants with account balances | 2,171 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $213,783 reported compensation |
| Qdro Consultants | $300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170505NAL0006858464001, received 2025-10-15, EIN 36-2998685, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.