Arnold Machinery Company 401(k) Review & Grade
Arnold Machinery Company Profit Sharing and Retirement Savings Plan
Salt Lake City, UTRetail Trade710 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,121Employer $ per active participant
$5,805Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$55.1MNet plan assets, end of year
$63,977Average balance per account
Score breakdown
- Employer generosity43.6 / 5087th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 94th |
| Employee saving | 90th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $209 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Arnold Machinery put in about $2,121 per active participant, more than the typical peer ($743). 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 | $1,506,930 |
| Participant (employee) contributions | $4,124,654 |
| Other contributions (incl. rollovers in) | $339,194 |
| Administrative expenses paid from the plan | $12,897 |
| Contract administrator fees | $12,897 |
| Benefits paid out | $4,704,599 |
| Net assets, start / end of year | $48.1M / $55.1M |
| Active participants, start / end of year | 707 / 714 |
| Participants with account balances | 861 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hbme, LLC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $12,897 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260710124029NAL0001682784001, received 2026-07-10, EIN 87-0112120, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.