Mobis-Alabama, LLC 401(k) Review & Grade
Mobis-Alabama 401(k) Plan
Montgomery, ALManufacturing1,884 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,818Employer $ per active participant
$3,483Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$57.9MNet plan assets, end of year
$29,893Average balance per account
Score breakdown
- Employer generosity19.2 / 5038th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 27th |
| Employee saving | 30th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,776 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mobis-Alabama put in about $1,818 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 (0.44% 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 | $3,424,499 |
| Participant (employee) contributions | $6,559,882 |
| Other contributions (incl. rollovers in) | $149,844 |
| Administrative expenses paid from the plan | $230,731 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $80,636 |
| Other admin expenses | −$23,366 |
| Benefits paid out | $4,573,761 |
| Net assets, start / end of year | $47.3M / $57.9M |
| Active participants, start / end of year | 1,803 / 1,964 |
| Participants with account balances | 1,936 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Klichs, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $172,561 reported compensation |
| Morgan Stanley | $80,636 reported compensation |
| Qdro Consultants Co LLC | $900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141101NAL0001475569001, received 2025-10-13, EIN 03-0490785, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.