Amsted Industries, Inc. 401(k) Review & Grade
Amsted Industries Employees Capital Accumulation Plan
Chicago, ILManufacturing5,052 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,006Employer $ per active participant
$6,378Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$834.8MNet plan assets, end of year
$129,264Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 72th |
| Employee saving | 54th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $83,938 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amsted Industries put in about $3,006 per active participant, below the typical peer ($3,452). 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 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 | $15,189,053 |
| Participant (employee) contributions | $32,225,223 |
| Other contributions (incl. rollovers in) | $14,758,334 |
| Administrative expenses paid from the plan | $494,558 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $120,535 |
| Other admin expenses | $44,013 |
| Benefits paid out | $107,020,085 |
| Net assets, start / end of year | $761.6M / $834.8M |
| Active participants, start / end of year | 5,243 / 4,862 |
| Participants with account balances | 6,458 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $300,010 reported compensation |
| Strategic Advisors, Inc. | $120,535 reported compensation |
| Towers Watson | $44,013 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715113018NAL0003885714001, received 2026-07-15, EIN 36-0730380, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.