Kobelco Aluminum Automotive Products, LLC 401(k) Review & Grade
Kobe Aluminum Automotive Products, LLC Retirement Savings Plan
Bowling Green, KYManufacturing728 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$735Employer $ per active participant
$1,846Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$10.6MNet plan assets, end of year
$28,528Average balance per account
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 12th |
| Employee saving | 10th |
| 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
- Kobelco Aluminum Automotive Products put in about $735 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 (0.73% 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.
- 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 | $535,379 |
| Participant (employee) contributions | $1,343,524 |
| Other contributions (incl. rollovers in) | $91,196 |
| Administrative expenses paid from the plan | $71,824 |
| Investment advisory & management fees | $32,140 |
| Benefits paid out | $1,422,277 |
| Net assets, start / end of year | $9.0M / $10.6M |
| Active participants, start / end of year | 727 / 729 |
| Participants with account balances | 373 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $39,684 reported compensation |
| Global Retirement Partners LLC | $23,580 reported compensation |
| Wellth Advisory Services LLC | $8,560 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006100901NAL0001978579001, received 2025-10-06, EIN 43-2019796, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.