Metalico, Inc. 401(k) Review & Grade
Metalico, Inc. Savings Plan
Cranford, NJManagement of Companies593 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$573Employer $ per active participant
$1,748Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$12.5MNet plan assets, end of year
$37,978Average balance per account
Score breakdown
- Employer generosity5.0 / 5010th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 76th |
| Employee saving | 11th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $144,382 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Metalico put in about $573 per active participant, below the typical peer ($2,492). 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 | $339,833 |
| Participant (employee) contributions | $1,036,739 |
| Other contributions (incl. rollovers in) | $846 |
| Administrative expenses paid from the plan | $11,306 |
| Other admin expenses | $9,599 |
| Benefits paid out | $2,207,464 |
| Net assets, start / end of year | $12.3M / $12.5M |
| Active participants, start / end of year | 772 / 414 |
| Participants with account balances | 328 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barbera & Radano |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $1,707 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001154557NAL0014490992001, received 2025-10-01, EIN 52-2169780, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.