Atkore International Inc. 401(k) Review & Grade
Atkore International Retirement Savings and Investment Plan
Harvey, ILManufacturing4,366 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,472Employer $ per active participant
$4,033Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$260.7MNet plan assets, end of year
$39,988Average balance per account
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 35th |
| Employee saving | 25th |
| Peers that auto-enroll | 70% |
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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 ($822,712 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $123,704 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Atkore International put in about $1,472 per active participant, below the typical peer ($3,452). 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 (0.20% of assets) are well above similar-size plans (0.12%). 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 | $6,426,555 |
| Participant (employee) contributions | $17,609,592 |
| Other contributions (incl. rollovers in) | $5,597,586 |
| Administrative expenses paid from the plan | $487,506 |
| Contract administrator fees | $600 |
| Other admin expenses | $65,000 |
| Benefits paid out | $36,761,336 |
| Net assets, start / end of year | $229.0M / $260.7M |
| Active participants, start / end of year | 4,118 / 4,615 |
| Participants with account balances | 6,519 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $340,818 reported compensation |
| Dimeo Schneider & Associates | $65,000 reported compensation |
| Morgan Lewis | $50,976 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140315NAL0002536275001, received 2025-10-15, EIN 90-0631477, plan #035, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.