Attc Manufacturing, Inc. 401(k) Review & Grade
Attc Manufacturing, Inc. 401(k) Plan
Tell City, INManufacturing547 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,459Employer $ per active participant
$2,999Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$16.8MNet plan assets, end of year
$18,601Average balance per account
Score breakdown
- Employer generosity14.9 / 5030th percentile for employer $ per participant
- Low cost2.6 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 11th |
| Employee saving | 23th |
| 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 ($80,040 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Attc Manufacturing put in about $1,459 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.
- Direct plan expenses (0.78% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $798,030 |
| Participant (employee) contributions | $1,640,488 |
| Other contributions (incl. rollovers in) | $71,587 |
| Administrative expenses paid from the plan | $122,847 |
| Contract administrator fees | $72,728 |
| Investment advisory & management fees | $15,823 |
| Benefits paid out | $1,364,094 |
| Net assets, start / end of year | $14.9M / $16.8M |
| Active participants, start / end of year | 523 / 571 |
| Participants with account balances | 901 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $72,727 reported compensation |
| Forvis Mazars LLP | $34,296 reported compensation |
| Morgan Stanley Global | $15,823 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251223112122NAL0017673776001, received 2025-12-23, EIN 35-2122103, plan #001, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.