Filtration Group Corporation 401(k) Review & Grade
Filtration Group 401(k) Retirement Savings Plan
Austin, TXManufacturing2,756 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,443Employer $ per active participant
$5,407Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$224.2MNet plan assets, end of year
$66,179Average balance per account
Score breakdown
- Employer generosity18.1 / 5036th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 37th |
| Employee saving | 42th |
| Peers that auto-enroll | 70% |
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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 ($268,338 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $366,461 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Filtration Group put in about $2,443 per active participant, below the typical peer ($3,452). 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $6,733,539 |
| Participant (employee) contributions | $14,901,339 |
| Other contributions (incl. rollovers in) | $1,935,833 |
| Administrative expenses paid from the plan | $402,227 |
| Contract administrator fees | $43,408 |
| Investment advisory & management fees | $167,816 |
| Other admin expenses | $4,032 |
| Benefits paid out | $32,969,443 |
| Net assets, start / end of year | $207.9M / $224.2M |
| Active participants, start / end of year | 2,756 / 2,756 |
| Participants with account balances | 3,388 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $197,026 reported compensation |
| World Investment Advisors LLC | $138,921 reported compensation |
| Hancock Askew & Co LLP | $36,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014164938NAL0004568096001, received 2025-10-14, EIN 27-3741564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.