Carpenter Technology Corporation 401(k) Review & Grade
Carpenter Technology Corporation 401(k) Retirement
Reading, PAManufacturing3,788 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,490Employer $ per active participant
$8,901Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$885.4MNet plan assets, end of year
$176,895Average balance per account
Score breakdown
- Employer generosity43.5 / 5087th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 58th |
| Employee saving | 73th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Carpenter Technology put in about $7,490 per active participant, more than the typical peer ($3,452). 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 | $28,375,599 |
| Participant (employee) contributions | $33,722,268 |
| Other contributions (incl. rollovers in) | $2,616,950 |
| Administrative expenses paid from the plan | $800,049 |
| Investment advisory & management fees | $533,937 |
| Other admin expenses | $61,331 |
| Benefits paid out | $76,094,557 |
| Net assets, start / end of year | $778.1M / $885.4M |
| Active participants, start / end of year | 3,804 / 3,773 |
| Participants with account balances | 5,005 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $525,047 reported compensation |
| The Vanguard Group, Inc. | $308,490 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923090920NAL0014373170001, received 2025-09-23, EIN 23-0458500, plan #020, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.