Zurn LLC 401(k) Review & Grade
Zurn Elkay 401(k) Plan
Milwaukee, WIManufacturing1,776 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,600Employer $ per active participant
$7,923Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$367.4MNet plan assets, end of year
$110,594Average balance per account
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 68th |
| Employee saving | 80th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $453 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zurn put in about $2,600 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 | $4,619,277 |
| Participant (employee) contributions | $14,075,158 |
| Other contributions (incl. rollovers in) | $2,705,809 |
| Administrative expenses paid from the plan | $445,933 |
| Contract administrator fees | $334,252 |
| Investment advisory & management fees | $86,463 |
| Benefits paid out | $38,869,823 |
| Net assets, start / end of year | $339.2M / $367.4M |
| Active participants, start / end of year | 1,776 / 1,777 |
| Participants with account balances | 3,322 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $362,377 reported compensation |
| Capital Strategies Inves | $74,962 reported compensation |
| Rubinbrown LLP | $35,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828091818NAL0005449715001, received 2025-08-28, EIN 04-3722228, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.