Armada Parent, Inc. 401(k) Review & Grade
Armada Parent, Inc. 401(k) Plan
Daphne, ALManufacturing1,850 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,975Employer $ per active participant
$2,187Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$28.9MNet plan assets, end of year
$17,508Average balance per account
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 21th |
| Employee saving | 14th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($125,404 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $20,436 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Armada Parent put in about $1,975 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 (0.53% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,652,376 |
| Participant (employee) contributions | $4,044,538 |
| Other contributions (incl. rollovers in) | $229,962 |
| Administrative expenses paid from the plan | $101,830 |
| Investment advisory & management fees | $46,915 |
| Other admin expenses | $5,000 |
| Benefits paid out | $3,045,101 |
| Net assets, start / end of year | $9.5M / $28.9M |
| Active participants, start / end of year | 1,772 / 1,927 |
| Participants with account balances | 1,653 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $49,915 reported compensation |
| Empower Advisory Group, LLC | $25,381 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $21,534 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251104125944NAL0006596707001, received 2025-11-04, EIN 87-2821244, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.