D'addario & Company, Inc. 401(k) Review & Grade
D'addario & Company, Inc. 401(k) Plan
Farmingdale, NYManufacturing870 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,076Employer $ per active participant
$3,499Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$126.7MNet plan assets, end of year
$117,783Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 85th |
| Employee saving | 30th |
| 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
- D'addario & Company put in about $6,076 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 | $5,285,965 |
| Participant (employee) contributions | $3,043,767 |
| Other contributions (incl. rollovers in) | $203,828 |
| Administrative expenses paid from the plan | $69,011 |
| Other admin expenses | $50,000 |
| Benefits paid out | $10,748,324 |
| Net assets, start / end of year | $116.5M / $126.7M |
| Active participants, start / end of year | 845 / 895 |
| Participants with account balances | 1,076 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith + Brown PC |
Largest service providers (Schedule C)
| NFP | $50,000 reported compensation |
| Withumsmith+brown, PC | $18,640 reported compensation |
| Fidelity Investments Institutional | $371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929104520NAL0026522594001, received 2025-09-29, EIN 11-2288999, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.