Kaiser Aluminum Investments Company 401(k) Review & Grade
Kaiser Aluminum Investments Company Hourly Savings and Investment Plan
Franklin, TNManufacturing2,450 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,440Employer $ per active participant
$6,398Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$196.7MNet plan assets, end of year
$77,699Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 76th |
| Employee saving | 68th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,633 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kaiser Aluminum Investments put in about $3,440 per active participant, more than the typical peer ($2,320). 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.
- 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 | $8,428,630 |
| Participant (employee) contributions | $15,675,652 |
| Other contributions (incl. rollovers in) | $2,231,348 |
| Administrative expenses paid from the plan | $164,872 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $129,832 |
| Benefits paid out | $19,182,313 |
| Net assets, start / end of year | $167.5M / $196.7M |
| Active participants, start / end of year | 2,442 / 2,458 |
| Participants with account balances | 2,531 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $129,832 reported compensation |
| Fidelity Investments Institutional | $35,040 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731144649NAL0003161347001, received 2025-07-31, EIN 56-2553178, plan #057, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.