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Grade My 401(k)
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1 issue

Eastman Kodak Company

16-0417150· Rochester, NY· Merrill Lynch· 2024 filing· vs 153 plans your size in your industry
B
0/100
Overall grade

Solid plan with a few things to improve.

A
Fees
C
Financial Wellness
D
Plan design
B
Compliance
Fees

Your plan pays around 2 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 92% of similar plans.

A
cheaper8th percentilepricier
Financial Wellness

Below-average savings. Employees put away $5,988/employee a year. That's less than 60% of similar plans.

C
lower40th percentilehigher
Plan design

No employer match or contribution, the feature that matters most for savings.

D
No employer match
No match is reported. A match is the top reason employees enroll and contribute. 93% of similar plans offer one.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Not safe harbor
The plan has to pass annual IRS nondiscrimination testing, which can cap what owners and higher earners are allowed to contribute.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health

1 item to review, nothing critical.

B
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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Recordkeeper
Merrill Lynch

No provider notes available.

Key insights

  • Strongest area: fees. Your plan pays around 2 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 92% of similar plans.
  • Best place to improve: plan design. No employer match or contribution, the feature that matters most for savings.
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