Effingham Machining & Assembly Components 401(k) match, vesting and fees
What Effingham Machining & Assembly Components' 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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Nathan Wechsler & Company, P.A. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Effingham Machining & Assembly Components: employer contribution per participant | $4,219 | |
| Peer median | $1,847 |
| Effingham Machining & Assembly Components: average balance | $74,565 | |
| Peer median | $65,512 |
| Effingham Machining & Assembly Components: admin expenses ÷ assets | 0.28% | |
| 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 $12.6M at the end of plan year 2023 to $13.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 190 | $13.9M | $785K | $4,219 | 0.28% | Not published | Form 5500 ↗ |
| 2023 | 224 | $12.6M | $638K | $2,965 | 0.58% | Not published | Form 5500 ↗ |
Common questions
Does Effingham Machining & Assembly Components match 401(k) contributions?
The match terms for the Emac 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $785K in employer contributions, about $4,219 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Effingham Machining & Assembly Components 401(k) match vested?
The vesting schedule for the Emac 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Effingham Machining & Assembly Components 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Effingham Machining & Assembly Components, Inc..
I left Effingham Machining & Assembly Components. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Effingham Machining & Assembly Components, Inc., (217) 240-7332) or the recordkeeper, Principal Life Insurance Company. The Effingham Machining & Assembly Components old 401(k) page lists the contacts from every plan filing. Find an old Effingham Machining & Assembly Components 401(k)
Data from the public Form 5500 annual reports Effingham Machining & Assembly Components filed with the U.S. Department of Labor (plan years 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 Effingham Machining & Assembly Components. Not financial advice. Report a correction · Methodology