Metalsa Structural Products, Inc. 401(k) Review & Grade
Metalsa Retirement Savings Plan
Roanoke, VAManufacturing836 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,348Employer $ per active participant
$4,978Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$97.2MNet plan assets, end of year
$121,499Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 99th |
| Employee saving | 51th |
| 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 ($23,822 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $44 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Metalsa Structural Products put in about $2,348 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 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 | $1,961,756 |
| Participant (employee) contributions | $4,159,393 |
| Other contributions (incl. rollovers in) | $314,166 |
| Administrative expenses paid from the plan | $3,415 |
| Other admin expenses | $3,415 |
| Benefits paid out | $11,266,828 |
| Net assets, start / end of year | $87.4M / $97.2M |
| Active participants, start / end of year | 853 / 818 |
| Participants with account balances | 800 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Foti, Flynn, Lowen, and Co., P.C. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $7,665 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003144131NAL0003601714001, received 2025-10-03, EIN 98-0643737, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.