Smalley Steel Ring Co 401(k) Review & Grade
Smalley USA 401k Retirement Savings Plan
Lake Zurich, ILManufacturing554 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,660Employer $ per active participant
$6,103Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$100.1MNet plan assets, end of year
$131,369Average balance per account
Score breakdown
- Employer generosity35.3 / 5071th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 75th |
| Employee saving | 65th |
| 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
- Smalley Steel Ring put in about $3,660 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 | $2,029,693 |
| Participant (employee) contributions | $3,383,909 |
| Other contributions (incl. rollovers in) | $336,755 |
| Administrative expenses paid from the plan | $94,933 |
| Investment advisory & management fees | $69,091 |
| Benefits paid out | $16,096,085 |
| Net assets, start / end of year | $98.9M / $100.1M |
| Active participants, start / end of year | 558 / 551 |
| Participants with account balances | 762 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| RBC Capital Markets LLC | $69,091 reported compensation |
| Transamerica Retirement Solutions | $25,842 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260630105014NAL0011202339001, received 2026-06-30, EIN 36-2517995, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.