Alfa Laval Inc. 401(k) Review & Grade
Alfa Laval Retirement Savings Plan
Richmond, VAManufacturing1,851 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,458Employer $ per active participant
$6,762Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$319.3MNet plan assets, end of year
$125,357Average balance per account
Score breakdown
- Employer generosity42.8 / 5086th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 71th |
| Employee saving | 71th |
| 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
- Alfa Laval put in about $5,458 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 | $10,103,117 |
| Participant (employee) contributions | $12,516,172 |
| Other contributions (incl. rollovers in) | $621,378 |
| Administrative expenses paid from the plan | $351,054 |
| Investment advisory & management fees | $86,888 |
| Benefits paid out | $37,901,565 |
| Net assets, start / end of year | $299.2M / $319.3M |
| Active participants, start / end of year | 1,800 / 1,902 |
| Participants with account balances | 2,547 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Keiter Stephens Hurts Gary Shreaves |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $246,666 reported compensation |
| Sageview | $86,888 reported compensation |
| Keiter | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918144629NAL0003461442001, received 2025-09-18, EIN 13-1681631, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.