Universal Stainless & Alloy Products, Inc. 401(k) Review & Grade
Universal Stainless & Alloy Products, Inc. Employees 401(k) Plan
Bridgeville, PAManufacturing713 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,789Employer $ per active participant
$2,701Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$36.2MNet plan assets, end of year
$43,084Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost7.4 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 30th |
| Employee saving | 19th |
| 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 ($6,294 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Universal Stainless & Alloy Products put in about $1,789 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 (0.41% 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 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 | $1,275,732 |
| Participant (employee) contributions | $1,925,611 |
| Other contributions (incl. rollovers in) | $383,459 |
| Administrative expenses paid from the plan | $143,523 |
| Contract administrator fees | $123,473 |
| Other admin expenses | $20,050 |
| Benefits paid out | $5,560,598 |
| Net assets, start / end of year | $33.8M / $36.2M |
| Active participants, start / end of year | 727 / 699 |
| Participants with account balances | 840 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Goff Backa Alfera & Company LLC |
Largest service providers (Schedule C)
| M2b Retirement Consulting LLC | $16,946 reported compensation |
| Baird Insurance Services Inc | $11,231 reported compensation |
| Voya Retirement Insurance and Annui | $32 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151755NAL0006608098001, received 2025-10-14, EIN 25-1724540, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.