Zippo Manufacturing Company 401(k) Review & Grade
Zippo and Affiliates 401(k) Plan
Bradford, PAManufacturing922 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,990Employer $ per active participant
$5,288Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$122.6MNet plan assets, end of year
$117,619Average balance per account
Score breakdown
- Employer generosity37.4 / 5075th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 64th |
| Employee saving | 55th |
| 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
- Zippo Manufacturing put in about $3,990 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 | $3,681,185 |
| Participant (employee) contributions | $4,878,281 |
| Other contributions (incl. rollovers in) | $5,252,616 |
| Administrative expenses paid from the plan | $167,612 |
| Contract administrator fees | $167,612 |
| Benefits paid out | $13,476,257 |
| Net assets, start / end of year | $108.8M / $122.6M |
| Active participants, start / end of year | 925 / 920 |
| Participants with account balances | 1,042 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $149,197 reported compensation |
| Schneider Downs Accts. Receivable D | $16,400 reported compensation |
| Gallagher Fiduciary Advisors | $11,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112520NAL0008049329001, received 2025-10-10, EIN 25-0920247, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.