Amptech, Inc 401(k) Review & Grade
Amptech, Inc. 401(k) Plan
Manistee, MIManufacturing520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$556Employer $ per active participant
$1,847Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$10.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 85th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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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 ($18,514 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $35,972 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amptech put in about $556 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.
- 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 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 | $289,188 |
| Participant (employee) contributions | $961,368 |
| Other contributions (incl. rollovers in) | $84,415 |
| Administrative expenses paid from the plan | $5,681 |
| Investment advisory & management fees | $2,191 |
| Benefits paid out | $1,174,727 |
| Net assets, start / end of year | $9.2M / $10.7M |
| Active participants, start / end of year | 477 / 564 |
| Participants with account balances | 249 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007165906NAL0005087809001, received 2025-10-07, EIN 38-2934861, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.