Benteler Automotive Corporation 401(k) Review & Grade
Benteler Automotive Corporation Savings/ Retirement Plan
Auburn Hills, MIManufacturing1,360 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,977Employer $ per active participant
$6,093Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$177.5MNet plan assets, end of year
$98,958Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
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 | 75th |
| Lower admin cost | 50th |
| Employee saving | 65th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($23,082 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
What to do if you're in this plan
- Benteler Automotive put in about $3,977 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,411,371 |
| Participant (employee) contributions | $8,289,869 |
| Other contributions (incl. rollovers in) | $611,640 |
| Administrative expenses paid from the plan | $394,984 |
| Contract administrator fees | $256,258 |
| Investment advisory & management fees | $118,024 |
| Benefits paid out | $22,731,437 |
| Net assets, start / end of year | $165.2M / $177.5M |
| Active participants, start / end of year | 1,380 / 1,341 |
| Participants with account balances | 1,794 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $256,258 reported compensation |
| Tfo TDC | $118,145 reported compensation |
| Plante & Moran, PLLC | $20,702 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260814140250NAL0016386082001, received 2026-08-14, EIN 31-0995787, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.