Bohler-Uddeholm Corporation 401(k) Review & Grade
Voestalpine High Performance Metals Retirement Plan
Elgin, ILWholesale Trade546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,214Employer $ per active participant
$6,143Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$79.6MNet plan assets, end of year
$107,128Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 54th |
| Employee saving | 70th |
| Peers that auto-enroll | 53% |
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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 ($12,845 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
- Bohler-Uddeholm put in about $3,214 per active participant, more than the typical peer ($1,792). 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.
- 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 | $1,756,371 |
| Participant (employee) contributions | $3,357,381 |
| Other contributions (incl. rollovers in) | $471,792 |
| Administrative expenses paid from the plan | $154,129 |
| Contract administrator fees | $91,631 |
| Investment advisory & management fees | $60,498 |
| Benefits paid out | $10,422,066 |
| Net assets, start / end of year | $75.2M / $79.6M |
| Active participants, start / end of year | 543 / 550 |
| Participants with account balances | 743 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group,llc | $55,000 reported compensation |
| John Hancock | $48,563 reported compensation |
| Wipfli LLP | $2,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260119083236NAL0001747378001, received 2026-01-19, EIN 13-1420260, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.