Alcami Carolinas Corporation 401(k) Review & Grade
Alcami Corporation 401(k) Plan
Wilmington, NCManufacturing982 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,476Employer $ per active participant
$7,882Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$102.3MNet plan assets, end of year
$82,467Average balance per account
Score breakdown
- Employer generosity34.4 / 5069th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 53th |
| Employee saving | 79th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $845 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alcami Carolinas put in about $3,476 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 | $3,415,353 |
| Participant (employee) contributions | $7,744,542 |
| Other contributions (incl. rollovers in) | $2,196,171 |
| Administrative expenses paid from the plan | $197,090 |
| Investment advisory & management fees | $165,787 |
| Benefits paid out | $8,990,999 |
| Net assets, start / end of year | $85.9M / $102.3M |
| Active participants, start / end of year | 1,028 / 937 |
| Participants with account balances | 1,240 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Adp, Inc. | $135,636 reported compensation |
| Morgan Stanley Smith Barney | $61,453 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801053021NAL0006893185001, received 2025-08-01, EIN 27-0426024, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.