Icc Industries Inc. 401(k) Review & Grade
Icc Industries Inc. Employees' Savings Plan
New York, NYManufacturing1,260 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,802Employer $ per active participant
$6,357Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$169.4MNet plan assets, end of year
$100,761Average balance per account
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost23.9 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 96th |
| Employee saving | 68th |
| Peers that auto-enroll | 59% |
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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
- Icc Industries put in about $2,802 per active participant, more than the typical peer ($2,320). 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 | $3,531,319 |
| Participant (employee) contributions | $8,012,448 |
| Other contributions (incl. rollovers in) | $772,491 |
| Administrative expenses paid from the plan | $31,350 |
| Benefits paid out | $19,216,046 |
| Net assets, start / end of year | $153.4M / $169.4M |
| Active participants, start / end of year | 1,244 / 1,277 |
| Participants with account balances | 1,681 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $31,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003085123NAL0001190609001, received 2025-10-03, EIN 13-2653653, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.