Eagle Specialty Materials LLC 401(k) Review & Grade
Eagle Specialty Materials LLC 401(k) Plan
Lexington, KYMining, Oil & Gas592 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,157Employer $ per active participant
$6,916Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$26.2MNet plan assets, end of year
$38,460Average balance per account
Score breakdown
- Employer generosity16.4 / 5033th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 45th |
| Employee saving | 47th |
| Peers that auto-enroll | 60% |
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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 ($980,472 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
- Eagle Specialty Materials put in about $3,157 per active participant, below the typical peer ($4,357). 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.
- 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 | $1,868,946 |
| Participant (employee) contributions | $4,094,269 |
| Other contributions (incl. rollovers in) | $643,700 |
| Administrative expenses paid from the plan | $62,222 |
| Investment advisory & management fees | $3,000 |
| Benefits paid out | $3,285,076 |
| Net assets, start / end of year | $20.2M / $26.2M |
| Active participants, start / end of year | 557 / 627 |
| Participants with account balances | 682 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lilling & Company LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $59,222 reported compensation |
| Empower Advisory Group, LLC | $3,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103160102NAL0004092291001, received 2025-11-03, EIN 84-3133021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.