Sumco Phoenix Corporation 401(k) Review & Grade
Sumco Phoenix Corporation Savings and Retirement Plan
Phoenix, AZManufacturing596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,663Employer $ per active participant
$7,540Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$148.5MNet plan assets, end of year
$171,313Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 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 | 70th |
| Employee saving | 77th |
| 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
- Sumco Phoenix put in about $4,663 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 | $2,781,392 |
| Participant (employee) contributions | $4,497,549 |
| Other contributions (incl. rollovers in) | $228,993 |
| Administrative expenses paid from the plan | $174,617 |
| Contract administrator fees | $25,190 |
| Other admin expenses | $125 |
| Benefits paid out | $20,802,232 |
| Net assets, start / end of year | $145.6M / $148.5M |
| Active participants, start / end of year | 575 / 618 |
| Participants with account balances | 867 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallenllp |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $112,654 reported compensation |
| Sageview Advisory Group LLC | $40,000 reported compensation |
| Cliftonlarsonallen LLP | $21,788 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820102420NAL0003138881001, received 2025-08-20, EIN 22-3014284, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.