Electrolux Home Products, Inc. 401(k) Review & Grade
Electrolux Home Products, Inc. Thrift Plan
Charlotte, NCManufacturing4,698 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,210Employer $ per active participant
$1,818Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$127.0MNet plan assets, end of year
$29,205Average balance per account
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 32th |
| Employee saving | 6th |
| Peers that auto-enroll | 70% |
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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
- Electrolux Home Products put in about $1,210 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $5,684,752 |
| Participant (employee) contributions | $8,541,723 |
| Other contributions (incl. rollovers in) | $227,477 |
| Administrative expenses paid from the plan | $274,691 |
| Benefits paid out | $29,155,740 |
| Net assets, start / end of year | $126.0M / $127.0M |
| Active participants, start / end of year | 4,875 / 4,520 |
| Participants with account balances | 4,348 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Invstmts Instl Ops Co, Inc | $274,691 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152056NAL0002658851001, received 2025-10-15, EIN 34-1694736, plan #128, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.