Ufp Technologies, Inc. 401(k) Review & Grade
Ufp Technologies, Inc. 401(k) Plan
Newburyport, MAManufacturing960 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,490Employer $ per active participant
$3,067Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$56.1MNet plan assets, end of year
$77,116Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 33th |
| Employee saving | 24th |
| Peers that auto-enroll | 59% |
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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
- Ufp Technologies put in about $1,490 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,429,699 |
| Participant (employee) contributions | $2,942,976 |
| Other contributions (incl. rollovers in) | $71,225 |
| Administrative expenses paid from the plan | $201,200 |
| Contract administrator fees | $148,419 |
| Investment advisory & management fees | $49,681 |
| Other admin expenses | $3,100 |
| Benefits paid out | $7,312,907 |
| Net assets, start / end of year | $52.0M / $56.1M |
| Active participants, start / end of year | 980 / 939 |
| Participants with account balances | 728 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Massachusetts Mutual Life Insurance | $75,386 reported compensation |
| The Angell Pension Group, Inc. | $23,430 reported compensation |
| Adp, Inc. | $13,341 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924171640NAL0006967681001, received 2025-09-24, EIN 04-2314970, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.