Hella Corporate Center USA, Inc. 401(k) Review & Grade
Employee's Retirement Plan of Hella USA
Northville, MIOther Services706 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,495Employer $ per active participant
$6,493Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$88.5MNet plan assets, end of year
$88,174Average balance per account
Score breakdown
- Employer generosity42.2 / 5084th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 55th |
| Employee saving | 84th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Hella Corporate Center USA put in about $3,495 per active participant, more than the typical peer ($1,257). 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 | $2,469,100 |
| Participant (employee) contributions | $4,587,382 |
| Other contributions (incl. rollovers in) | $519,026 |
| Administrative expenses paid from the plan | $170,183 |
| Investment advisory & management fees | $95,871 |
| Benefits paid out | $10,735,275 |
| Net assets, start / end of year | $83.6M / $88.5M |
| Active participants, start / end of year | 691 / 722 |
| Participants with account balances | 1,004 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Atlas Cpas and Advisors PLLC |
Largest service providers (Schedule C)
| Morgan Stanley | $67,407 reported compensation |
| Empower Annuity Insurance Company | $61,854 reported compensation |
| Gallagher Benefit Services Inc DBA | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154547NAL0006659440001, received 2025-10-15, EIN 37-1048208, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.