Chatsworth Products, Inc. 401(k) Review & Grade
Chatsworth Products, Inc. Retirement Savings Plan
Simi Valley, CAManufacturing686 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,661Employer $ per active participant
$5,161Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$52.2MNet plan assets, end of year
$81,210Average balance per account
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 49th |
| Employee saving | 54th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
What to do if you're in this plan
- Chatsworth Products put in about $1,661 per active participant, below the typical peer ($2,320). 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.
- 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.
- 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 | $1,140,348 |
| Participant (employee) contributions | $3,542,786 |
| Other contributions (incl. rollovers in) | $105,885 |
| Administrative expenses paid from the plan | $115,558 |
| Investment advisory & management fees | $2,103 |
| Benefits paid out | $3,456,126 |
| Net assets, start / end of year | $45.7M / $52.2M |
| Active participants, start / end of year | 674 / 699 |
| Participants with account balances | 643 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Beeson, Hoffman & Siddall, Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $113,455 reported compensation |
| Advised Assets Group, LLC | $2,103 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003111757NAL0000811987001, received 2025-10-03, EIN 95-4287760, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.