Hexcel Corporation 401(k) Review & Grade
Hexcel Corporation 401(k) Retirement Savings Plan
Stamford, CTManufacturing2,804 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,533Employer $ per active participant
$6,784Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$527.0MNet plan assets, end of year
$144,120Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 92th |
| Employee saving | 57th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Hexcel put in about $6,533 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 | $18,319,406 |
| Participant (employee) contributions | $19,021,303 |
| Other contributions (incl. rollovers in) | $1,443,220 |
| Administrative expenses paid from the plan | $132,195 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $79,194 |
| Benefits paid out | $67,268,050 |
| Net assets, start / end of year | $480.7M / $527.0M |
| Active participants, start / end of year | 2,694 / 2,914 |
| Participants with account balances | 3,657 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $79,194 reported compensation |
| Fidelity Investments Institutional | $53,387 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015133009NAL0002366739001, received 2025-10-15, EIN 94-1109521, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.