Instrumentation Laboratory 401(k) Review & Grade
Instrumentation Laboratory Savings Plan
Bedford, MAManufacturing2,664 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,235Employer $ per active participant
$9,345Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$537.6MNet plan assets, end of year
$191,253Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 82th |
| Employee saving | 76th |
| 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 ($60,096 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
- Instrumentation Laboratory put in about $6,235 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 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 | $16,614,093 |
| Participant (employee) contributions | $24,899,601 |
| Other contributions (incl. rollovers in) | $5,307,999 |
| Administrative expenses paid from the plan | $212,674 |
| Other admin expenses | $4,456 |
| Benefits paid out | $36,449,752 |
| Net assets, start / end of year | $462.1M / $537.6M |
| Active participants, start / end of year | 2,495 / 2,834 |
| Participants with account balances | 2,811 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ardito, Toscano & Mccollum, PC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $143,659 reported compensation |
| Ardito, Toscano & Mccullum, P.C. | $64,559 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013091824NAL0000917793001, received 2025-10-13, EIN 02-0448199, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.