Asahi Kasei America, Inc. 401(k) Review & Grade
Asahi Kasei 401(k) Retirement Plan
Novi, MIProfessional, Scientific & Technical Services1,382 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,786Employer $ per active participant
$9,642Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$293.6MNet plan assets, end of year
$149,332Average balance per account
Score breakdown
- Employer generosity44.0 / 5088th percentile for employer $ per participant
- Low cost18.8 / 2575th 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 score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 75th |
| Employee saving | 55th |
| Peers that auto-enroll | 48% |
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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
- Asahi Kasei America put in about $8,786 per active participant, more than the typical peer ($3,082). 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 | $12,142,449 |
| Participant (employee) contributions | $13,325,309 |
| Other contributions (incl. rollovers in) | $3,443,630 |
| Administrative expenses paid from the plan | $256,683 |
| Contract administrator fees | $58,000 |
| Investment advisory & management fees | $92,349 |
| Benefits paid out | $22,032,481 |
| Net assets, start / end of year | $249.5M / $293.6M |
| Active participants, start / end of year | 1,440 / 1,324 |
| Participants with account balances | 1,966 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Renaissance Benefit Advisors Group | $92,349 reported compensation |
| Transamerica Retirement Solutions | $81,334 reported compensation |
| Carlson Quinn | $58,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009103511NAL0003822755001, received 2025-10-09, EIN 13-2698638, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.