Kasai North America, Inc. 401(k) Review & Grade
Kasai North America, Inc. 401(k) Plan
Murfreesboro, TNManufacturing2,302 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$335Employer $ per active participant
$2,127Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$55.7MNet plan assets, end of year
$23,180Average balance per account
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 10th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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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
- Kasai North America put in about $335 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.79% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $772,044 |
| Participant (employee) contributions | $4,898,438 |
| Other contributions (incl. rollovers in) | $132,558 |
| Administrative expenses paid from the plan | $420,439 |
| Contract administrator fees | $420,439 |
| Benefits paid out | $6,881,002 |
| Net assets, start / end of year | $50.7M / $55.7M |
| Active participants, start / end of year | 2,266 / 2,339 |
| Participants with account balances | 2,402 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mauldin & Jenkins, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $122,777 reported compensation |
| Empower Advisory Group, LLC | $120,916 reported compensation |
| Global Retirement Partners LLC | $106,964 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918161256NAL0003624354001, received 2025-09-18, EIN 62-1292160, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.