Bakelite LLC 401(k) Review & Grade
Bakelite 401(k) Plan
Atlanta, GAManufacturing610 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,269Employer $ per active participant
$10,676Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$81.2MNet plan assets, end of year
$119,446Average balance per account
Score breakdown
- Employer generosity46.9 / 5094th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 53th |
| Employee saving | 92th |
| 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
- Bakelite put in about $8,269 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 | $5,044,191 |
| Participant (employee) contributions | $6,512,459 |
| Other contributions (incl. rollovers in) | $1,357,500 |
| Administrative expenses paid from the plan | $158,987 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $81,042 |
| Benefits paid out | $11,510,355 |
| Net assets, start / end of year | $70.7M / $81.2M |
| Active participants, start / end of year | 596 / 624 |
| Participants with account balances | 680 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $77,995 reported compensation |
| Gallagher Fiduciary Advisors LLC | $50,000 reported compensation |
| Strategic Advisors, Inc. | $31,042 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926114716NAL0011755683001, received 2025-09-26, EIN 83-1686340, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.