Oshkosh Corporation 401(k) Review & Grade
Oshkosh Corporation and Affiliates Tax-Deferred Investment Plan
Oshkosh, WIManufacturing13,224 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,846Employer $ per active participant
$7,650Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$121,528Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 55th |
| Employee saving | 41th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $28,050 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oshkosh put in about $4,846 per active participant, below the typical peer ($5,480). 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.
- 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 | $64,080,823 |
| Participant (employee) contributions | $101,163,119 |
| Other contributions (incl. rollovers in) | $20,020,802 |
| Administrative expenses paid from the plan | $1,458,741 |
| Investment advisory & management fees | $776,008 |
| Other admin expenses | $576 |
| Benefits paid out | $204,898,537 |
| Net assets, start / end of year | $1.8B / $2.0B |
| Active participants, start / end of year | 12,511 / 13,938 |
| Participants with account balances | 16,745 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $776,008 reported compensation |
| Empower Annuity Insurance Company O | $682,117 reported compensation |
| Qdro Consultants Company, LLC | $4,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163259NAL0004544080001, received 2025-10-14, EIN 39-0520270, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.