Alltech, Inc. 401(k) Review & Grade
Alltech Savings & Retirement Plan
Nicholasville, KYManufacturing1,360 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,003Employer $ per active participant
$7,150Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$208.3MNet plan assets, end of year
$128,123Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 73th |
| Employee saving | 74th |
| 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
- Alltech put in about $4,003 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.
- 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 | $5,441,792 |
| Participant (employee) contributions | $9,720,652 |
| Other contributions (incl. rollovers in) | $649,747 |
| Administrative expenses paid from the plan | $205,575 |
| Contract administrator fees | $205,575 |
| Benefits paid out | $18,881,530 |
| Net assets, start / end of year | $187.2M / $208.3M |
| Active participants, start / end of year | 1,343 / 1,376 |
| Participants with account balances | 1,626 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dean Dorton Allen Ford PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $205,575 reported compensation |
| Principal Securities Inc | $77,373 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103135812NAL0004016963001, received 2025-11-03, EIN 61-0977517, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.