Minebea-Accesssolutions USA Inc. 401(k) Review & Grade
Minebea-Accesssolutions USA Inc. 401(k) Plan
Bremen, GAManufacturing602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,450Employer $ per active participant
$2,003Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$20.8MNet plan assets, end of year
$25,342Average balance per account
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 26th |
| Employee saving | 12th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Minebea-Accesssolutions USA put in about $1,450 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 (0.46% 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 | $873,462 |
| Participant (employee) contributions | $1,206,856 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $92,653 |
| Contract administrator fees | $82,501 |
| Investment advisory & management fees | $3,952 |
| Other admin expenses | $6,200 |
| Benefits paid out | $2,997,224 |
| Net assets, start / end of year | $19.4M / $20.8M |
| Active participants, start / end of year | 599 / 606 |
| Participants with account balances | 820 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $90,164 reported compensation |
| Resources Investment Advisors, LLC | $39,566 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725135131NAL0003214499001, received 2025-07-25, EIN 22-2897185, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.