Amspec, LLC 401(k) Review & Grade
Amspec, LLC Retirement Savings Plan
Cranbury, NJManufacturing1,996 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,424Employer $ per active participant
$5,163Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$104.1MNet plan assets, end of year
$65,080Average balance per account
Score breakdown
- Employer generosity26.2 / 5052th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 43th |
| Employee saving | 54th |
| 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
- Amspec put in about $2,424 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 | $4,837,434 |
| Participant (employee) contributions | $10,301,908 |
| Other contributions (incl. rollovers in) | $1,972,161 |
| Administrative expenses paid from the plan | $269,340 |
| Investment advisory & management fees | $75,052 |
| Benefits paid out | $10,576,440 |
| Net assets, start / end of year | $86.2M / $104.1M |
| Active participants, start / end of year | 2,031 / 1,960 |
| Participants with account balances | 1,599 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $194,288 reported compensation |
| Hancock Whitney Bank | $75,052 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815051241NAL0010150897001, received 2025-08-15, EIN 22-3522064, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.