Metaltek International, Inc. 401(k) Review & Grade
Metaltek International, Inc. 401(k) Retirement Plan
Waukesha, WIManufacturing654 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,646Employer $ per active participant
$7,624Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$127.7MNet plan assets, end of year
$126,661Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost18.4 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th 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 | 81th |
| Lower admin cost | 73th |
| Employee saving | 78th |
| 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
- Metaltek International put in about $4,646 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 | $3,040,793 |
| Participant (employee) contributions | $4,990,161 |
| Other contributions (incl. rollovers in) | $334,926 |
| Administrative expenses paid from the plan | $127,052 |
| Contract administrator fees | $900 |
| Other admin expenses | $117,246 |
| Benefits paid out | $15,988,825 |
| Net assets, start / end of year | $121.0M / $127.7M |
| Active participants, start / end of year | 506 / 803 |
| Participants with account balances | 1,008 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Spectrum Investment | $117,246 reported compensation |
| Fidelity Investments Institutional | $9,806 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414132625NAL0011094291001, received 2026-04-14, EIN 94-2681019, plan #003, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.