Hirotec America, Inc. 401(k) Review & Grade
Hirotec America, Inc. 401(k) Plan
Auburn Hills, MIProfessional, Scientific & Technical Services576 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,128Employer $ per active participant
$7,689Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$67.9MNet plan assets, end of year
$100,115Average balance per account
Score breakdown
- Employer generosity17.7 / 5035th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 92th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Hirotec America put in about $2,128 per active participant, below the typical peer ($3,082). 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 | $1,226,620 |
| Participant (employee) contributions | $4,432,746 |
| Other contributions (incl. rollovers in) | $1,131,311 |
| Administrative expenses paid from the plan | $22,227 |
| Investment advisory & management fees | $11,824 |
| Benefits paid out | $7,955,468 |
| Net assets, start / end of year | $59.4M / $67.9M |
| Active participants, start / end of year | 545 / 608 |
| Participants with account balances | 678 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $11,824 reported compensation |
| Fidelity Investments Institutional | $10,403 reported compensation |
| RBC Capital Markets, LLC. | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013191353NAL0001777121001, received 2025-10-13, EIN 38-2792919, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.