Arrow International, Inc. 401(k) Review & Grade
Arrow International, Inc. Profit Sharing Plan - 1
Cleveland, OHManufacturing1,004 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,629Employer $ per active participant
$3,700Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$106.4MNet plan assets, end of year
$65,574Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 82th |
| Employee saving | 33th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $4,481 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Arrow International put in about $3,629 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 | $3,643,050 |
| Participant (employee) contributions | $3,714,342 |
| Other contributions (incl. rollovers in) | $1,242,649 |
| Administrative expenses paid from the plan | $64,285 |
| Investment advisory & management fees | $3,705 |
| Benefits paid out | $7,468,955 |
| Net assets, start / end of year | $85.7M / $106.4M |
| Active participants, start / end of year | 944 / 1,064 |
| Participants with account balances | 1,623 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $64,285 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121000NAL0009506850001, received 2025-10-15, EIN 34-1018618, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.