Astronics Corporation 401(k) Review & Grade
Atro Companies Profit Sharing/401(k) Plan
East Aurora, NYManufacturing1,891 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,717Employer $ per active participant
$8,349Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$325.3MNet plan assets, end of year
$113,408Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost19.4 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 77th |
| Employee saving | 83th |
| 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
- Astronics put in about $4,717 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.
- 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 | $8,920,782 |
| Participant (employee) contributions | $15,787,038 |
| Other contributions (incl. rollovers in) | $1,764,377 |
| Administrative expenses paid from the plan | $266,504 |
| Benefits paid out | $31,002,156 |
| Net assets, start / end of year | $290.8M / $325.3M |
| Active participants, start / end of year | 1,896 / 1,886 |
| Participants with account balances | 2,868 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Freed Maxick P.C. |
| Employer stock held by plan | $13,297,073 |
Largest service providers (Schedule C)
| Vanguard Group, Inc. | $226,875 reported compensation |
| Freed Maxick Cpas PC | $20,000 reported compensation |
| Wilmington Trust | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013225324NAL0000966435002, received 2025-10-13, EIN 16-0959303, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.