Sulzer US Holding Inc. 401(k) Review & Grade
Sulzer Employee Savings Plan
Houston, TXManufacturing2,237 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,097Employer $ per active participant
$9,597Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$546.9MNet plan assets, end of year
$166,030Average balance per account
Score breakdown
- Employer generosity47.6 / 5095th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 77th |
| Employee saving | 88th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($65,669 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $7,291 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sulzer US Holding put in about $9,097 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $20,348,964 |
| Participant (employee) contributions | $21,469,243 |
| Other contributions (incl. rollovers in) | $1,805,101 |
| Administrative expenses paid from the plan | $450,373 |
| Contract administrator fees | $85,912 |
| Investment advisory & management fees | $100,000 |
| Benefits paid out | $73,131,415 |
| Net assets, start / end of year | $488.5M / $546.9M |
| Active participants, start / end of year | 2,039 / 2,435 |
| Participants with account balances | 3,294 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ham, Langston & Brezina L.L.P. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $241,581 reported compensation |
| Capfinancial Partners, LLC | $100,000 reported compensation |
| Cozen O'connor | $85,912 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930111142NAL0016407251001, received 2025-09-30, EIN 13-3950743, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.