Unifrax I LLC 401(k) Review & Grade
Alkegen 401(k) Plan
Tonawanda, NYManufacturing1,798 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,393Employer $ per active participant
$6,773Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$262.6MNet plan assets, end of year
$101,141Average balance per account
Score breakdown
- Employer generosity34.0 / 5068th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 88th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $4,587 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Unifrax I put in about $3,393 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.
- 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 | $6,098,102 |
| Participant (employee) contributions | $12,174,037 |
| Other contributions (incl. rollovers in) | $1,040,776 |
| Administrative expenses paid from the plan | $123,234 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $48,506 |
| Benefits paid out | $32,446,121 |
| Net assets, start / end of year | $239.8M / $262.6M |
| Active participants, start / end of year | 1,816 / 1,779 |
| Participants with account balances | 2,596 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $64,228 reported compensation |
| Strategic Advisors, Inc. | $48,506 reported compensation |
| Cliftonlarsonallen LLP | $10,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143337NAL0005144257001, received 2025-10-15, EIN 34-1535916, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.