Pratt Industries U.S.A., Inc. 401(k) Review & Grade
Pratt Industries, Inc. 401(k) Profit Sharing Plan
Atlanta, GAManufacturing9,116 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,290Employer $ per active participant
$4,799Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$551.8MNet plan assets, end of year
$51,230Average balance per account
Score breakdown
- Employer generosity16.6 / 5033th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 30th |
| Employee saving | 34th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Pratt Industries U.S.A. put in about $2,290 per active participant, below the typical peer ($3,452). 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.
- Direct plan expenses (0.23% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $20,878,946 |
| Participant (employee) contributions | $43,752,014 |
| Other contributions (incl. rollovers in) | $2,147,104 |
| Administrative expenses paid from the plan | $1,170,929 |
| Other admin expenses | $625,577 |
| Benefits paid out | $49,042,126 |
| Net assets, start / end of year | $476.1M / $551.8M |
| Active participants, start / end of year | 8,992 / 9,240 |
| Participants with account balances | 10,771 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $545,352 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013131413NAL0002048720001, received 2025-10-13, EIN 98-0070672, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.