Armstrong Holdings, Inc. 401(k) Review & Grade
Armstrong 401(k) Plan
Butler, PAManagement of Companies2,651 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$550Employer $ per active participant
$3,318Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$168.4MNet plan assets, end of year
$86,514Average balance per account
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 46th |
| Employee saving | 12th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $61,169 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Armstrong Holdings put in about $550 per active participant, below the typical peer ($3,455). 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.
- 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 | $1,457,913 |
| Participant (employee) contributions | $8,797,298 |
| Other contributions (incl. rollovers in) | $907,352 |
| Administrative expenses paid from the plan | $214,642 |
| Investment advisory & management fees | $30,615 |
| Benefits paid out | $11,929,607 |
| Net assets, start / end of year | $147.3M / $168.4M |
| Active participants, start / end of year | 2,667 / 2,635 |
| Participants with account balances | 1,947 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grossman Yanak & Ford |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $155,310 reported compensation |
| Global Retirement Partners LLC | $30,615 reported compensation |
| Grossman Yanak & Ford LLP | $28,718 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716123759NAL0003135425001, received 2025-07-16, EIN 25-1563080, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.