Swagelok Company 401(k) Review & Grade
Swagelok Retirement Savings Plan
Solon, OHManufacturing4,698 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,069Employer $ per active participant
$7,017Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$2.6BNet plan assets, end of year
$404,877Average balance per account
Score breakdown
- Employer generosity35.0 / 5070th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 89th |
| Employee saving | 60th |
| Peers that auto-enroll | 70% |
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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
- Swagelok put in about $5,069 per active participant, more than the typical peer ($3,452). 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 | $23,814,739 |
| Participant (employee) contributions | $32,964,320 |
| Other contributions (incl. rollovers in) | $4,158,747 |
| Administrative expenses paid from the plan | $802,533 |
| Benefits paid out | $200,248,362 |
| Net assets, start / end of year | $2.5B / $2.6B |
| Active participants, start / end of year | 4,988 / 4,408 |
| Participants with account balances | 6,489 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maloney & Novotny LLC |
| Employer stock held by plan | $1,875,688,665 |
Largest service providers (Schedule C)
| Fidelity Inv. Inst. Ops. Co. | $802,533 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123609NAL0002821778001, received 2025-10-13, EIN 34-0688825, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.