The Pape' Group, Inc. 401(k) Review & Grade
The Pape' Group, Inc. Profit Sharing 401(k) Plan
Eugene, ORWholesale Trade4,415 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,204Employer $ per active participant
$6,999Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$441.8MNet plan assets, end of year
$77,895Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 53th |
| Employee saving | 79th |
| Peers that auto-enroll | 62% |
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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 ($2,212 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $503 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pape' Group put in about $2,204 per active participant, below the typical peer ($2,459). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $9,730,617 |
| Participant (employee) contributions | $30,900,163 |
| Other contributions (incl. rollovers in) | $3,402,588 |
| Administrative expenses paid from the plan | $462,992 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $165,149 |
| Benefits paid out | $39,844,064 |
| Net assets, start / end of year | $378.1M / $441.8M |
| Active participants, start / end of year | 4,368 / 4,462 |
| Participants with account balances | 5,672 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $277,762 reported compensation |
| Strategic Advisors, Inc. | $165,149 reported compensation |
| Forvis Mazars, LLP | $20,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009101328NAL0010739840001, received 2025-10-09, EIN 93-1048932, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.