Chart Industries, Inc. 401(k) Review & Grade
Chart Industries, Inc. 401(k) Investment and Savings Plan
Ball Ground, GAManufacturing3,486 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,439Employer $ per active participant
$6,400Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$428.3MNet plan assets, end of year
$93,382Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th 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 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 93th |
| Employee saving | 54th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,273 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chart Industries put in about $3,439 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 | $11,991,807 |
| Participant (employee) contributions | $22,315,303 |
| Other contributions (incl. rollovers in) | $5,565,820 |
| Administrative expenses paid from the plan | $88,587 |
| Other admin expenses | $1,440 |
| Benefits paid out | $52,620,839 |
| Net assets, start / end of year | $327.0M / $428.3M |
| Active participants, start / end of year | 3,343 / 3,630 |
| Participants with account balances | 4,586 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $87,147 reported compensation |
| Raymond James | $65,000 reported compensation |
| Bdo USA, LLP | $33,056 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092846NAL0004181649001, received 2025-10-15, EIN 34-1712937, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.