Altorfer Inc. 401(k) Review & Grade
Altorfer Retirement Plan
Cedar Rapids, IAWholesale Trade910 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,457Employer $ per active participant
$7,815Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$162.8MNet plan assets, end of year
$146,819Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 77th |
| Employee saving | 85th |
| Peers that auto-enroll | 53% |
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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
- Altorfer put in about $3,457 per active participant, more than the typical peer ($1,792). 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 | $3,147,963 |
| Participant (employee) contributions | $7,115,128 |
| Other contributions (incl. rollovers in) | $1,013,428 |
| Administrative expenses paid from the plan | $137,064 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $28,575 |
| Benefits paid out | $17,286,636 |
| Net assets, start / end of year | $144.5M / $162.8M |
| Active participants, start / end of year | 885 / 936 |
| Participants with account balances | 1,109 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $19,914 reported compensation |
| Cliftonlarsonallen LLP | $16,600 reported compensation |
| Strategic Advisors, Inc. | $8,661 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828164517NAL0005630195001, received 2025-08-28, EIN 42-0788540, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.