Oerlikon USA Holding, Inc. 401(k) Review & Grade
Oerlikon USA 401(k) Plan
Westbury, NYManufacturing1,235 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,139Employer $ per active participant
$7,631Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$219.7MNet plan assets, end of year
$138,813Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues 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 | 76th |
| Lower admin cost | 67th |
| Employee saving | 78th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($63 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $558 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oerlikon USA Holding put in about $4,139 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,111,641 |
| Participant (employee) contributions | $9,423,862 |
| Other contributions (incl. rollovers in) | $1,075,111 |
| Administrative expenses paid from the plan | $267,941 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $39,906 |
| Other admin expenses | $81,124 |
| Benefits paid out | $19,177,733 |
| Net assets, start / end of year | $191.2M / $219.7M |
| Active participants, start / end of year | 1,230 / 1,240 |
| Participants with account balances | 1,583 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $130,189 reported compensation |
| Resources Investment Advisors LLC | $80,000 reported compensation |
| Strategic Advisors, Inc. | $39,906 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134213NAL0009885474001, received 2025-10-15, EIN 95-2549713, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.