Avl Michigan Holding Corporation 401(k) Review & Grade
Avl North America, Inc. 401(k) Plan
Plymouth, MIManufacturing528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,960Employer $ per active participant
$10,903Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$152.0MNet plan assets, end of year
$180,070Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 80th |
| Employee saving | 92th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $645 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avl Michigan Holding put in about $5,960 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.
- 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.
- 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 | $3,149,815 |
| Participant (employee) contributions | $5,762,150 |
| Other contributions (incl. rollovers in) | $219,076 |
| Administrative expenses paid from the plan | $111,963 |
| Contract administrator fees | $10,700 |
| Investment advisory & management fees | $99,413 |
| Other admin expenses | $1,850 |
| Benefits paid out | $16,637,484 |
| Net assets, start / end of year | $139.8M / $152.0M |
| Active participants, start / end of year | 552 / 505 |
| Participants with account balances | 844 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $113,687 reported compensation |
| Voya Retirement Advisors, LLC | $76,987 reported compensation |
| Avl Michigan Holding Corporation | $21,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910143332NAL0013496483001, received 2025-09-10, EIN 38-3164257, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.