RFC LLC 401(k) Review & Grade
Voestalpine Roll Forming Corporation 401(k) Savings Plan
Shelbyville, KYManufacturing994 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,820Employer $ per active participant
$4,257Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$47.9MNet plan assets, end of year
$37,521Average balance per account
Score breakdown
- Employer generosity19.2 / 5038th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 34th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $735 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- RFC put in about $1,820 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,810,240 |
| Participant (employee) contributions | $4,233,211 |
| Other contributions (incl. rollovers in) | $92,302 |
| Administrative expenses paid from the plan | $163,468 |
| Investment advisory & management fees | $37,526 |
| Benefits paid out | $6,737,789 |
| Net assets, start / end of year | $42.8M / $47.9M |
| Active participants, start / end of year | 997 / 992 |
| Participants with account balances | 1,276 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deming Malone Livesay & Ostr |
Largest service providers (Schedule C)
| Adp, Inc. | $125,942 reported compensation |
| Ameriprise Financial | $37,526 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260116083058NAL0017365121001, received 2026-01-16, EIN 61-0411479, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.