Daifuku North America Holding Company 401(k) Review & Grade
Daifuku North America Group Employees' Retirement Savings Plan
Novi, MIManufacturing3,292 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,698Employer $ per active participant
$4,145Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$233.9MNet plan assets, end of year
$75,657Average balance per account
Score breakdown
- Employer generosity11.0 / 5022th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 53th |
| Employee saving | 26th |
| Peers that auto-enroll | 70% |
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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
- Daifuku North America Holding put in about $1,698 per active participant, below the typical peer ($3,452). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $5,591,777 |
| Participant (employee) contributions | $13,646,404 |
| Other contributions (incl. rollovers in) | $1,210,425 |
| Administrative expenses paid from the plan | $220,662 |
| Investment advisory & management fees | $75,000 |
| Other admin expenses | $10,548 |
| Benefits paid out | $34,284,865 |
| Net assets, start / end of year | $153.7M / $233.9M |
| Active participants, start / end of year | 3,599 / 2,986 |
| Participants with account balances | 3,091 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Warner Norcross & Judd LLP | $124,697 reported compensation |
| Capfinancial Partners LLC | $75,000 reported compensation |
| Plante Moran | $19,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008123847NAL0003005075001, received 2025-10-08, EIN 27-4402595, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.