American Sugar Refining, Inc. 401(k) Review & Grade
American Sugar Salary Savings and Investment Plan
Yonkers, NYManufacturing1,129 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,059Employer $ per active participant
$7,186Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$212.8MNet plan assets, end of year
$134,542Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 75th |
| Employee saving | 75th |
| 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
- American Sugar Refining put in about $6,059 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 | $6,840,106 |
| Participant (employee) contributions | $8,113,248 |
| Other contributions (incl. rollovers in) | $2,892,876 |
| Administrative expenses paid from the plan | $188,997 |
| Investment advisory & management fees | $81,363 |
| Benefits paid out | $12,656,026 |
| Net assets, start / end of year | $182.8M / $212.8M |
| Active participants, start / end of year | 1,036 / 1,222 |
| Participants with account balances | 1,582 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $108,134 reported compensation |
| Strategic Advisors, Inc. | $81,363 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002122529NAL0000302451001, received 2025-10-02, EIN 13-3366163, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.