Alstom Transport Holding US Inc. 401(k) Review & Grade
Alstom Transportation 401(k) Savings Plan
Pittsburgh, PAManufacturing4,408 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,769Employer $ per active participant
$7,471Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$666.4MNet plan assets, end of year
$120,991Average balance per account
Score breakdown
- Employer generosity41.0 / 5082th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 60th |
| Employee saving | 64th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($11,605,162 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,629,831 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alstom Transport Holding US put in about $6,769 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $29,839,972 |
| Participant (employee) contributions | $32,934,980 |
| Other contributions (incl. rollovers in) | $3,055,154 |
| Administrative expenses paid from the plan | $612,008 |
| Contract administrator fees | $119,481 |
| Investment advisory & management fees | $205,374 |
| Benefits paid out | $144,465,328 |
| Net assets, start / end of year | $674.1M / $666.4M |
| Active participants, start / end of year | 4,849 / 3,968 |
| Participants with account balances | 5,508 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C . |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $246,256 reported compensation |
| Towers Watson Investment | $233,776 reported compensation |
| Insero and Co Cpas LLP | $59,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163746NAL0010670130001, received 2025-10-15, EIN 20-3999346, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.