Prysmian Cables and Systems (US) Inc. 401(k) Review & Grade
Prysmian Group 401(k) Plan
Highland Heights, KYManufacturing5,373 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,656Employer $ per active participant
$5,260Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$703.3MNet plan assets, end of year
$103,362Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 65th |
| Employee saving | 40th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Prysmian Cables and Systems (US) put in about $3,656 per active participant, more than the typical peer ($3,452). 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 | $19,645,322 |
| Participant (employee) contributions | $28,259,908 |
| Other contributions (incl. rollovers in) | $3,389,054 |
| Administrative expenses paid from the plan | $529,279 |
| Contract administrator fees | $3,600 |
| Investment advisory & management fees | $41,971 |
| Other admin expenses | $83,802 |
| Benefits paid out | $82,553,194 |
| Net assets, start / end of year | $638.3M / $703.3M |
| Active participants, start / end of year | 5,275 / 5,471 |
| Participants with account balances | 6,804 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Elliott Davis LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $375,856 reported compensation |
| Highland Consulting Associates, in | $83,802 reported compensation |
| Strategic Advisors, Inc. | $41,971 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140444NAL0009624962001, received 2025-10-15, EIN 57-1061511, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.