Thyssenkrupp North America, LLC 401(k) Review & Grade
Thyssenkrupp 401(k) Plan North America
Beaverton, ORManagement of Companies2,472 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,993Employer $ per active participant
$5,404Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$384.0MNet plan assets, end of year
$111,982Average balance per account
Score breakdown
- Employer generosity27.5 / 5055th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 79th |
| Employee saving | 47th |
| Peers that auto-enroll | 58% |
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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
- Thyssenkrupp North America put in about $2,993 per active participant, more than the typical peer ($2,492). 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.
- 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 | $7,399,593 |
| Participant (employee) contributions | $13,362,207 |
| Other contributions (incl. rollovers in) | $582,658 |
| Administrative expenses paid from the plan | $257,119 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $39,596 |
| Benefits paid out | $27,293,286 |
| Net assets, start / end of year | $270.5M / $384.0M |
| Active participants, start / end of year | 2,400 / 2,545 |
| Participants with account balances | 3,429 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $188,675 reported compensation |
| Ira Group | $39,596 reported compensation |
| Plante & Moran, PLLC | $21,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009105629NAL0003510803001, received 2025-10-09, EIN 22-2393554, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.