Ultratec, Inc. 401(k) Review & Grade
Ultratec, Inc. 401(k) Plan
Madison, WIManufacturing746 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$55Employer $ per active participant
$2,037Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$28.0MNet plan assets, end of year
$58,439Average balance per account
Score breakdown
- Employer generosity0.9 / 502th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 91th |
| Employee saving | 12th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $101,176 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ultratec put in about $55 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.
- 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 | $40,815 |
| Participant (employee) contributions | $1,518,288 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $9,785 |
| Other admin expenses | $9,785 |
| Benefits paid out | $1,305,199 |
| Net assets, start / end of year | $24.4M / $28.0M |
| Active participants, start / end of year | 771 / 720 |
| Participants with account balances | 479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kma, S.C. |
Largest service providers (Schedule C)
| Johnson Bank | $23,896 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821163926NAL0004355201001, received 2025-08-21, EIN 39-1357022, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.