Sekisui Aerospace, Inc. 401(k) Review & Grade
Sekisui Aerospace, Inc. 401(k) Retirement Plan
Renton, WAManufacturing684 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,422Employer $ per active participant
$3,940Employee $ saved per active participant
0.95%Direct admin cost, % of plan assets
$32.4MNet plan assets, end of year
$38,937Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 7th |
| Employee saving | 36th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,194 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sekisui Aerospace put in about $1,422 per active participant, below the typical peer ($2,320). 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 (0.95% of assets) are well above similar-size plans (0.23%). 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 | $973,404 |
| Participant (employee) contributions | $2,697,058 |
| Other contributions (incl. rollovers in) | $265,526 |
| Administrative expenses paid from the plan | $298,491 |
| Contract administrator fees | $264,940 |
| Benefits paid out | $5,051,559 |
| Net assets, start / end of year | $30.4M / $32.4M |
| Active participants, start / end of year | 679 / 690 |
| Participants with account balances | 833 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $200,744 reported compensation |
| Aggregate Retirement Services | $189,968 reported compensation |
| Towers Watson Investment Services | $15,903 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014184747NAL0003592577001, received 2025-10-14, EIN 91-1419507, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.