Kelsey-Hayes Company 401(k) Review & Grade
ZF North America, Inc. Hourly 401(k) Savings Plan
Northville, MIManufacturing737 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,247Employer $ per active participant
$2,521Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$39.8MNet plan assets, end of year
$53,596Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost11.1 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 45th |
| Employee saving | 17th |
| 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
- Kelsey-Hayes put in about $1,247 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.
- 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 | $918,839 |
| Participant (employee) contributions | $1,858,211 |
| Other contributions (incl. rollovers in) | $6,519 |
| Administrative expenses paid from the plan | $111,877 |
| Investment advisory & management fees | $11,902 |
| Other admin expenses | $14,065 |
| Benefits paid out | $4,689,584 |
| Net assets, start / end of year | $43.2M / $39.8M |
| Active participants, start / end of year | 905 / 569 |
| Participants with account balances | 742 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $58,699 reported compensation |
| Plante & Moran | $27,250 reported compensation |
| Dykema Gossett PLLC | $11,998 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092128NAL0005647968001, received 2025-10-15, EIN 61-1462969, plan #058, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.