Marelli North America, Inc. 401(k) Review & Grade
Marelli North America, Inc. 401(k) Retirement Plan
Shelbyville, TNManufacturing2,532 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,084Employer $ per active participant
$3,197Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$218.5MNet plan assets, end of year
$80,304Average balance per account
Score breakdown
- Employer generosity14.5 / 5029th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 61th |
| Employee saving | 16th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Marelli North America put in about $2,084 per active participant, below the typical peer ($3,452). 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 | $5,275,336 |
| Participant (employee) contributions | $8,093,573 |
| Other contributions (incl. rollovers in) | $1,354,730 |
| Administrative expenses paid from the plan | $189,474 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $114,832 |
| Benefits paid out | $25,133,331 |
| Net assets, start / end of year | $203.2M / $218.5M |
| Active participants, start / end of year | 2,773 / 2,290 |
| Participants with account balances | 2,721 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $75,006 reported compensation |
| M Holdings Securities Inc | $74,847 reported compensation |
| Strategic Advisors, Inc. | $39,985 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133710NAL0002909777001, received 2025-10-14, EIN 62-1151687, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.