Phoenix Contact Development and Manufacturing, Inc. 401(k) Review & Grade
Phoenix Contact Employee Investment Plan
Middletown, PAWholesale Trade1,112 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,321Employer $ per active participant
$8,459Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$169.0MNet plan assets, end of year
$138,749Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 80th |
| Employee saving | 89th |
| Peers that auto-enroll | 53% |
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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
- Phoenix Contact Development and Manufacturing put in about $4,321 per active participant, more than the typical peer ($1,792). 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 | $4,802,914 |
| Participant (employee) contributions | $9,402,077 |
| Other contributions (incl. rollovers in) | $911,410 |
| Administrative expenses paid from the plan | $117,602 |
| Other admin expenses | $117,602 |
| Benefits paid out | $8,029,544 |
| Net assets, start / end of year | $143.7M / $169.0M |
| Active participants, start / end of year | 1,106 / 1,117 |
| Participants with account balances | 1,218 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $134,001 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723133828NAL0002058931001, received 2025-07-23, EIN 75-2979405, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.