Cabot Corporation 401(k) Review & Grade
Cabot 401(k) Plan
Billerica, MAManufacturing1,065 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13,247Employer $ per active participant
$13,654Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$875.6MNet plan assets, end of year
$480,810Average balance per account
Score breakdown
- Employer generosity49.4 / 5099th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 93th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
Red flags from the filing
Corrective distributions: the plan refunded $18,353 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cabot put in about $13,247 per active participant, more than the typical peer ($2,320). 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 | $14,108,041 |
| Participant (employee) contributions | $14,541,971 |
| Other contributions (incl. rollovers in) | $639,580 |
| Administrative expenses paid from the plan | $260,018 |
| Other admin expenses | $260,018 |
| Benefits paid out | $72,012,852 |
| Net assets, start / end of year | $806.4M / $875.6M |
| Active participants, start / end of year | 1,076 / 1,054 |
| Participants with account balances | 1,821 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
| Employer stock held by plan | $63,319,850 |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $141,794 reported compensation |
| The Vanguard Group, Inc. | $122,005 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013103918NAL0000490099001, received 2025-10-13, EIN 04-2271897, plan #022, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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