Elamex USA, Corp. 401(k) Review & Grade
Elamex USA Investment Savings Plan and Trust
El Paso, TXManufacturing540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,147Employer $ per active participant
$3,212Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$18.3MNet plan assets, end of year
$30,498Average balance per account
Score breakdown
- Employer generosity10.4 / 5021th percentile for employer $ per participant
- Low cost17.5 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 70th |
| Employee saving | 26th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $29,695 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Elamex USA put in about $1,147 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 | $620,136 |
| Participant (employee) contributions | $1,736,216 |
| Other contributions (incl. rollovers in) | $112,478 |
| Administrative expenses paid from the plan | $20,403 |
| Investment advisory & management fees | $4,521 |
| Benefits paid out | $2,556,469 |
| Net assets, start / end of year | $16.3M / $18.3M |
| Active participants, start / end of year | 545 / 536 |
| Participants with account balances | 599 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Strickler & Prieto, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $15,882 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911154805NAL0000329155001, received 2025-09-11, EIN 52-2104555, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.