Amsted Industries, Inc. 401(k) Review & Grade
Amsted Retirement Savings Plan for Bargaining Employees
Chicago, ILManufacturing1,322 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,762Employer $ per active participant
$2,112Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$71.3MNet plan assets, end of year
$66,372Average balance per account
Score breakdown
- Employer generosity18.4 / 5037th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 64th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Amsted Industries put in about $1,762 per active participant, below the typical peer ($2,320). 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.
- 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 | $2,328,092 |
| Participant (employee) contributions | $2,790,563 |
| Other contributions (incl. rollovers in) | $90,954 |
| Administrative expenses paid from the plan | $102,358 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $10,766 |
| Benefits paid out | $10,832,363 |
| Net assets, start / end of year | $69.5M / $71.3M |
| Active participants, start / end of year | 1,422 / 1,221 |
| Participants with account balances | 1,074 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $83,917 reported compensation |
| Strategic Advisors, Inc. | $10,766 reported compensation |
| Crowe LLP | $7,675 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715113121NAL0003964530001, received 2026-07-15, EIN 36-0730380, plan #080, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.