Altman Specialty Plants LLC 401(k) Review & Grade
Altman Specialty Plants LLC 401k Retirement Plan
Vista, CAAgriculture, Forestry, Fishing & Hunting5,935 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$222Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$17.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.4 / 503th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 96th |
| Employee saving | 4th |
| Peers that auto-enroll | 52% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($350 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $83,844 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Altman Specialty Plants put in about $0 per active participant, below the typical peer ($2,062). Any match is still an instant return, so contribute enough to get all of it.
- 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 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 | $526 |
| Participant (employee) contributions | $1,319,655 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $2,250 |
| Contract administrator fees | $2,250 |
| Benefits paid out | $447,207 |
| Net assets, start / end of year | $14.7M / $17.1M |
| Active participants, start / end of year | 6,284 / 5,586 |
| Participants with account balances | 313 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lavine Lofgren Morris & Engelberg |
Largest service providers (Schedule C)
| American United Life Insurance Co | $99,011 reported compensation |
| NFP Retirement Inc. | $63,192 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015114538NAL0002238083001, received 2025-10-15, EIN 33-0494942, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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