Kaman Corporation 401(k) Review & Grade
Kaman Corporation 401k Plan
Bloomfield, CTManufacturing1,638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,972Employer $ per active participant
$7,865Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$452.6MNet plan assets, end of year
$146,479Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 99th |
| Employee saving | 79th |
| 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
- Kaman put in about $3,972 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.
- 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 | $6,506,174 |
| Participant (employee) contributions | $12,883,523 |
| Other contributions (incl. rollovers in) | $2,598,772 |
| Administrative expenses paid from the plan | $20,568 |
| Other admin expenses | $95,515 |
| Benefits paid out | $56,551,511 |
| Net assets, start / end of year | $415.5M / $452.6M |
| Active participants, start / end of year | 1,657 / 1,619 |
| Participants with account balances | 3,090 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Nepc | $95,514 reported compensation |
| Cliftonlarsonallen | $21,307 reported compensation |
| Fidelity Investments Institutional | −$338,871 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006123629NAL0009268594001, received 2025-10-06, EIN 06-0613548, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.