Itt Industries Holdings, Inc 401(k) Review & Grade
Itt Retirement Savings Plan
Stamford, CTManufacturing2,580 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,897Employer $ per active participant
$10,001Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$601.0MNet plan assets, end of year
$161,223Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 42th |
| Employee saving | 80th |
| 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
- Itt Industries Holdings put in about $6,897 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 | $17,789,982 |
| Participant (employee) contributions | $25,797,469 |
| Other contributions (incl. rollovers in) | $4,089,917 |
| Administrative expenses paid from the plan | $934,443 |
| Investment advisory & management fees | $471,903 |
| Other admin expenses | −$9,300 |
| Benefits paid out | $70,037,299 |
| Net assets, start / end of year | $581.0M / $601.0M |
| Active participants, start / end of year | 2,700 / 2,459 |
| Participants with account balances | 3,728 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $356,277 reported compensation |
| Empower Annuity Insurance Company O | $253,766 reported compensation |
| Capfinancial Partners LLC DBA Captr | $103,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006151056NAL0009712290001, received 2025-10-06, EIN 34-1990908, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.