Sunshine Mills, Inc. 401(k) Review & Grade
Sunshine Mills Group 401(k) Profit Sharing Plan
Red Bay, ALManufacturing800 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,007Employer $ per active participant
$2,198Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$35.1MNet plan assets, end of year
$43,244Average balance per account
Score breakdown
- Employer generosity31.6 / 5063th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 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 | 95th |
| Employee saving | 14th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $90,290 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sunshine Mills put in about $3,007 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 | $2,406,737 |
| Participant (employee) contributions | $1,759,727 |
| Other contributions (incl. rollovers in) | $26 |
| Administrative expenses paid from the plan | $6,720 |
| Benefits paid out | $3,693,180 |
| Net assets, start / end of year | $31.5M / $35.1M |
| Active participants, start / end of year | 850 / 751 |
| Participants with account balances | 811 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Borland Benefield PC |
Largest service providers (Schedule C)
| Adp, Inc. | $6,720 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260408094103NAL0005773907001, received 2026-04-08, EIN 52-1575685, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.