Ultium Cells, LLC 401(k) Review & Grade
Ultium Cells, LLC 401(k) Plan
Warren, OHManufacturing1,720 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,850Employer $ per active participant
$3,557Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$24.4MNet plan assets, end of year
$18,350Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 30th |
| Employee saving | 31th |
| Peers that auto-enroll | 59% |
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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 ($855 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Ultium Cells put in about $2,850 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.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $4,901,426 |
| Participant (employee) contributions | $6,117,684 |
| Other contributions (incl. rollovers in) | $2,065,903 |
| Administrative expenses paid from the plan | $97,827 |
| Investment advisory & management fees | $24,518 |
| Benefits paid out | $6,532,321 |
| Net assets, start / end of year | $0 / $24.4M |
| Active participants, start / end of year | 1,485 / 1,955 |
| Participants with account balances | 1,331 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,309 reported compensation |
| NFP Retirement Inc | $24,518 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251216093555NAL0002465905001, received 2025-12-16, EIN 84-4244377, plan #001, plan year 2024-04-01 to 2024-12-31. Verify at efast.dol.gov.