Precision Castparts Corp. 401(k) Review & Grade
Precision Castparts Corp. 401(k) Retirement Savings Plan
Lake Oswego, ORManufacturing17,371 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,462Employer $ per active participant
$5,978Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$2.5BNet plan assets, end of year
$112,885Average balance per account
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost17.9 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 71th |
| Employee saving | 29th |
| Peers that auto-enroll | 69% |
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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 ($6,877 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $613 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Precision Castparts put in about $3,462 per active participant, below the typical peer ($5,480). 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.
- 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 | $60,138,244 |
| Participant (employee) contributions | $103,837,118 |
| Other contributions (incl. rollovers in) | $11,275,328 |
| Administrative expenses paid from the plan | $1,150,312 |
| Contract administrator fees | $10,200 |
| Other admin expenses | $171,533 |
| Benefits paid out | $262,356,037 |
| Net assets, start / end of year | $2.2B / $2.5B |
| Active participants, start / end of year | 17,047 / 17,695 |
| Participants with account balances | 22,000 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $873,953 reported compensation |
| Multnomah Group | $105,000 reported compensation |
| Baker Tilly US, LLP | $55,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014181836NAL0003550881001, received 2025-10-14, EIN 93-0460598, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.