Central Motor Wheel of America 401(k) Review & Grade
Central Motor Wheel of America 401(k) Plan
Paris, KYManufacturing648 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,622Employer $ per active participant
$3,997Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$68.6MNet plan assets, end of year
$81,333Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 93th |
| Employee saving | 37th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,979 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Central Motor Wheel of America put in about $2,622 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 | $1,700,150 |
| Participant (employee) contributions | $2,592,282 |
| Other contributions (incl. rollovers in) | $108,470 |
| Administrative expenses paid from the plan | $19,235 |
| Contract administrator fees | $13,685 |
| Other admin expenses | $5,550 |
| Benefits paid out | $9,258,245 |
| Net assets, start / end of year | $64.2M / $68.6M |
| Active participants, start / end of year | 628 / 669 |
| Participants with account balances | 843 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dean Dorton Allen Ford, PLLC |
Largest service providers (Schedule C)
| Raymond James Financial Services Ad | $118,000 reported compensation |
| Voya Retirement Insurance & Annuity | $52,257 reported compensation |
| Morningstar | $32,533 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015112222NAL0002318803001, received 2025-10-15, EIN 61-1107676, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.