Akg North America, Inc. 401(k) Review & Grade
Akg North America, Inc. 401(k) Plan
Mebane, NCManufacturing594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,638Employer $ per active participant
$3,566Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$39.1MNet plan assets, end of year
$61,930Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost6.9 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 27th |
| Employee saving | 31th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Akg North America put in about $2,638 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,565,655 |
| Participant (employee) contributions | $2,116,573 |
| Other contributions (incl. rollovers in) | $565,153 |
| Administrative expenses paid from the plan | $162,103 |
| Investment advisory & management fees | $87,993 |
| Benefits paid out | $4,753,736 |
| Net assets, start / end of year | $35.3M / $39.1M |
| Active participants, start / end of year | 678 / 509 |
| Participants with account balances | 631 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gilliam Bell Moser LLP |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services LLC | $87,993 reported compensation |
| Fidelity Investments Institutional | $74,110 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144218NAL0009797202001, received 2025-10-15, EIN 13-3102380, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.