Bekaert Corporation 401(k) Review & Grade
Bekaert Corporation 401(k) Profit Sharing Plan
Atlanta, GAManufacturing1,218 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,179Employer $ per active participant
$4,946Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$177.6MNet plan assets, end of year
$105,258Average balance per account
Score breakdown
- Employer generosity23.6 / 5047th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 68th |
| Employee saving | 50th |
| 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
- Bekaert put in about $2,179 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.
- 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 | $2,655,573 |
| Participant (employee) contributions | $6,027,122 |
| Other contributions (incl. rollovers in) | $320,369 |
| Administrative expenses paid from the plan | $228,561 |
| Investment advisory & management fees | $43,280 |
| Other admin expenses | $29,535 |
| Benefits paid out | $31,249,802 |
| Net assets, start / end of year | $182.5M / $177.6M |
| Active participants, start / end of year | 1,134 / 1,303 |
| Participants with account balances | 1,687 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $155,746 reported compensation |
| Willis Towers Watson Southeast Inc | $43,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260422162604NAL0003787313001, received 2026-04-22, EIN 62-1340165, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.