Velcro USA Inc. 401(k) Review & Grade
Retirement Savings at Velcro 401(k) Plan
Manchester, NHManufacturing693 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,421Employer $ per active participant
$7,494Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$108.4MNet plan assets, end of year
$101,816Average balance per account
Score breakdown
- Employer generosity39.4 / 5079th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 89th |
| Employee saving | 77th |
| Peers that auto-enroll | 59% |
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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
- Velcro USA put in about $4,421 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 | $3,063,630 |
| Participant (employee) contributions | $5,193,429 |
| Other contributions (incl. rollovers in) | $1,607,841 |
| Administrative expenses paid from the plan | $45,270 |
| Investment advisory & management fees | $34,420 |
| Benefits paid out | $13,208,803 |
| Net assets, start / end of year | $97.4M / $108.4M |
| Active participants, start / end of year | 660 / 726 |
| Participants with account balances | 1,065 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $34,420 reported compensation |
| Fidelity Investments Institutional | $10,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826093838NAL0004372995001, received 2025-08-26, EIN 13-2597668, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.