Fincantieri Marine Group LLC 401(k) Review & Grade
Fincantieri Marine Group Bargaining Retirement Savings Plan
Green Bay, WIManufacturing1,048 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$112Employer $ per active participant
$855Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$26.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.2 / 502th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 53th |
| Employee saving | 3th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $73 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fincantieri Marine Group put in about $112 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 | $116,946 |
| Participant (employee) contributions | $895,880 |
| Other contributions (incl. rollovers in) | $5,743 |
| Administrative expenses paid from the plan | $54,126 |
| Investment advisory & management fees | $44,314 |
| Benefits paid out | $2,608,012 |
| Net assets, start / end of year | $25.5M / $26.5M |
| Active participants, start / end of year | 1,026 / 1,070 |
| Participants with account balances | 332 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Associated Trust Company, N.A. | $54,126 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724143155NAL0013961746001, received 2025-07-24, EIN 39-1947771, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.