Chromalloy Corporation 401(k) Review & Grade
Chromalloy 401(k) Plan
Palm Beach Gardens, FLManufacturing1,657 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,445Employer $ per active participant
$7,938Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$324.4MNet plan assets, end of year
$128,837Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 59th |
| Employee saving | 80th |
| 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
- Chromalloy put in about $3,445 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 | $5,709,070 |
| Participant (employee) contributions | $13,153,596 |
| Other contributions (incl. rollovers in) | $702,200 |
| Administrative expenses paid from the plan | $536,004 |
| Other admin expenses | $536,004 |
| Benefits paid out | $42,296,081 |
| Net assets, start / end of year | $304.7M / $324.4M |
| Active participants, start / end of year | 1,729 / 1,585 |
| Participants with account balances | 2,518 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $318,072 reported compensation |
| Vanguard Advisers Inc. | $145,322 reported compensation |
| Crowe LLP | $38,776 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013154018NAL0003411442001, received 2025-10-13, EIN 13-1885030, plan #083, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.