Primetals Technologies USA LLC 401(k) Review & Grade
Metals Technologies LLC Savings Plan
Alpharetta, GAManufacturing987 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,980Employer $ per active participant
$8,272Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$268.5MNet plan assets, end of year
$207,671Average balance per account
Score breakdown
- Employer generosity41.3 / 5083th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 90th |
| Employee saving | 82th |
| 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.
Corrective distributions: the plan refunded $143 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Primetals Technologies USA put in about $4,980 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.
- 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 | $4,915,503 |
| Participant (employee) contributions | $8,164,292 |
| Other contributions (incl. rollovers in) | $161,047 |
| Administrative expenses paid from the plan | $105,069 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $180,125 |
| Benefits paid out | $29,748,810 |
| Net assets, start / end of year | $251.4M / $268.5M |
| Active participants, start / end of year | 976 / 998 |
| Participants with account balances | 1,293 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $97,785 reported compensation |
| Usi Advisors, Inc. | $82,340 reported compensation |
| Baker Tilly US, LLP | $22,575 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828113050NAL0005493603001, received 2025-08-28, EIN 47-1368965, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.