Draeger, Inc. 401(k) Review & Grade
Draeger US Retirement Savings Plan
Telford, PAManufacturing1,102 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,789Employer $ per active participant
$12,316Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$339.9MNet plan assets, end of year
$204,030Average balance per account
Score breakdown
- Employer generosity45.4 / 5091th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 56th |
| Employee saving | 95th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $698 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Draeger put in about $6,789 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 | $7,481,959 |
| Participant (employee) contributions | $13,572,621 |
| Other contributions (incl. rollovers in) | $1,088,518 |
| Administrative expenses paid from the plan | $614,064 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $375,300 |
| Benefits paid out | $43,934,358 |
| Net assets, start / end of year | $318.5M / $339.9M |
| Active participants, start / end of year | 1,105 / 1,099 |
| Participants with account balances | 1,666 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Torrillo & Associates, LLC |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $206,500 reported compensation |
| Fidelity Investments Institutional | $197,284 reported compensation |
| Strategic Advisors, Inc. | $168,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260206102831NAL0009259714001, received 2026-02-06, EIN 23-1699096, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.