Ametek, Inc. 401(k) Review & Grade
The Ametek Retirement and Savings Plan
Berwyn, PAManufacturing8,586 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,617Employer $ per active participant
$8,777Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$1.9BNet plan assets, end of year
$161,324Average balance per account
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 66th |
| Employee saving | 73th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,130 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ametek put in about $4,617 per active participant, more than the typical peer ($3,452). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $39,637,227 |
| Participant (employee) contributions | $75,358,359 |
| Other contributions (incl. rollovers in) | $7,229,675 |
| Administrative expenses paid from the plan | $1,406,628 |
| Contract administrator fees | $121,700 |
| Investment advisory & management fees | $60,195 |
| Benefits paid out | $223,845,092 |
| Net assets, start / end of year | $1.8B / $1.9B |
| Active participants, start / end of year | 8,769 / 8,402 |
| Participants with account balances | 12,053 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $630,311 reported compensation |
| Ernst & Young | $64,683 reported compensation |
| Nepc, LLC | $60,195 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728111452NAL0003147906001, received 2025-07-28, EIN 14-1682544, plan #078, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.