Metalsa Structural Products, Inc. 401(k) Review & Grade
Metalsa-Uaw Retirement and Savings Plan
Roanoke, VAManufacturing2,836 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$658Employer $ per active participant
$2,057Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$107.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 98th |
| Employee saving | 8th |
| 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
- Metalsa Structural Products put in about $658 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.
- 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 | $1,866,274 |
| Participant (employee) contributions | $5,835,180 |
| Other contributions (incl. rollovers in) | $29,475 |
| Administrative expenses paid from the plan | $7,437 |
| Other admin expenses | $7,437 |
| Benefits paid out | $14,567,567 |
| Net assets, start / end of year | $99.1M / $107.5M |
| Active participants, start / end of year | 2,948 / 2,725 |
| Participants with account balances | 1,415 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Foti, Flynn Lowen and Co., P.C |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $19,092 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003144338NAL0001524065001, received 2025-10-03, EIN 98-0643737, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.