Elbit Systems of America, LLC 401(k) Review & Grade
Elbit Systems of America Consolidated 401(k) Savings Plan
Fort Worth, TXManufacturing2,714 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,645Employer $ per active participant
$8,503Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$465.5MNet plan assets, end of year
$163,726Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost13.9 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 56th |
| Employee saving | 71th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $45,355 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Elbit Systems of America put in about $5,645 per active participant, more than the typical peer ($3,452). 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 | $15,320,735 |
| Participant (employee) contributions | $23,078,122 |
| Other contributions (incl. rollovers in) | $8,217,459 |
| Administrative expenses paid from the plan | $428,294 |
| Contract administrator fees | $428,294 |
| Benefits paid out | $55,993,691 |
| Net assets, start / end of year | $346.5M / $465.5M |
| Active participants, start / end of year | 2,209 / 3,219 |
| Participants with account balances | 2,843 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $427,055 reported compensation |
| Whitley Penn LLP | $69,010 reported compensation |
| Sanctuary Advisors | $59,606 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014160826NAL0006742770001, received 2025-10-14, EIN 30-0403919, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.