Cortec Precision Sheetmetal 401(k) match, vesting and fees
What Cortec Precision Sheetmetal's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | ADP, Inc. | Schedule C ↗ |
| Independent auditor | Chek Tan and Company LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Cortec Precision Sheetmetal: employer contribution per participant | $1,235 | |
| Peer median | $1,847 |
| Cortec Precision Sheetmetal: average balance | $34,807 | |
| Peer median | $65,512 |
| Cortec Precision Sheetmetal: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $5.7M at the end of plan year 2021 to $8.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 497 | $8.6M | $305K | $1,235 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 503 | $7.2M | $258K | $1,095 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 600 | $5.9M | $315K | $1,346 | 0.09% | Not published | Form 5500 ↗ |
| 2021 | 587 | $5.7M | $226K | $1,133 | 0.05% | Not published | Form 5500 ↗ |
Other Cortec Precision Sheetmetal plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Cortec Precision Sheet Metal,
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Chek Tan and Company, LLP (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Cortec Precision Sheetmetal match 401(k) contributions?
The match terms for the Cortec Precision Sheetmetal Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $305K in employer contributions, about $1,235 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Cortec Precision Sheetmetal 401(k) match vested?
The vesting schedule for the Cortec Precision Sheetmetal Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Cortec Precision Sheetmetal 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is ADP, Inc.. The plan administrator is Cortec Precision Sheetmetal.
I left Cortec Precision Sheetmetal. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Cortec Precision Sheetmetal, (408) 278-8540) or the recordkeeper, ADP, Inc.. The Cortec Precision Sheetmetal old 401(k) page lists the contacts from every plan filing. Find an old Cortec Precision Sheetmetal 401(k)
Data from the public Form 5500 annual reports Cortec Precision Sheetmetal filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Cortec Precision Sheetmetal. Not financial advice. Report a correction · Methodology