Orafol Americas Inc. 401(k) Review & Grade
Orafol Americas Inc. 401(k) Retirement Plan
Avon, CTManufacturing606 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,300Employer $ per active participant
$6,278Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$88.9MNet plan assets, end of year
$95,490Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 82th |
| Employee saving | 67th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $64,634 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orafol Americas put in about $3,300 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.
- 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 | $1,999,823 |
| Participant (employee) contributions | $3,804,553 |
| Other contributions (incl. rollovers in) | $792,829 |
| Administrative expenses paid from the plan | $48,622 |
| Investment advisory & management fees | $24,475 |
| Benefits paid out | $12,455,140 |
| Net assets, start / end of year | $50.9M / $88.9M |
| Active participants, start / end of year | 385 / 827 |
| Participants with account balances | 931 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HLB Gross Collins, P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $24,475 reported compensation |
| HLB Gross Collins, P.C. | $15,945 reported compensation |
| Fidelity Investments Institutional | $5,544 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826090312NAL0016780866001, received 2025-08-26, EIN 35-2237537, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.