Duke Manufacturing Company 401(k) Review & Grade
Duke Manufacturing Company Retirement Plan
ST. Louis, MOManufacturing678 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,548Employer $ per active participant
$4,803Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$47.7MNet plan assets, end of year
$60,475Average balance per account
Score breakdown
- Employer generosity15.9 / 5032th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 61th |
| Employee saving | 48th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,980 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Duke Manufacturing put in about $1,548 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 | $1,048,855 |
| Participant (employee) contributions | $3,254,009 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $75,303 |
| Benefits paid out | $7,374,496 |
| Net assets, start / end of year | $44.6M / $47.7M |
| Active participants, start / end of year | 638 / 717 |
| Participants with account balances | 789 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $75,303 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715074931NAL0004156642001, received 2025-07-15, EIN 43-1548196, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.