Ats Corporation 401(k) Review & Grade
Ats Corporation 401k Retirement
Lewis Center, OHManufacturing1,622 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,804Employer $ per active participant
$6,782Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$175.4MNet plan assets, end of year
$85,320Average balance per account
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 63th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,742 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ats put in about $2,804 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.
- 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 | $4,548,694 |
| Participant (employee) contributions | $11,000,676 |
| Other contributions (incl. rollovers in) | $3,021,123 |
| Administrative expenses paid from the plan | $254,562 |
| Investment advisory & management fees | $94,261 |
| Benefits paid out | $24,151,799 |
| Net assets, start / end of year | $159.4M / $175.4M |
| Active participants, start / end of year | 1,773 / 1,471 |
| Participants with account balances | 2,056 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HBK Cpas & Consultants |
Largest service providers (Schedule C)
| Adp, Inc. | $174,578 reported compensation |
| Morgan Stanley Smith Barney | $80,000 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014050834NAL0002135553001, received 2025-10-14, EIN 31-0882540, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.