Nemak USA, Inc. 401(k) Review & Grade
Nemak USA, Inc. Retirement Savings Plan
Southfield, MIWholesale Trade2,274 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,185Employer $ per active participant
$4,828Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$189.0MNet plan assets, end of year
$68,387Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost8.6 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 34th |
| Employee saving | 53th |
| Peers that auto-enroll | 53% |
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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
- Nemak USA put in about $2,185 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.36% 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 | $4,969,191 |
| Participant (employee) contributions | $10,978,347 |
| Other contributions (incl. rollovers in) | $161,429 |
| Administrative expenses paid from the plan | $648,801 |
| Investment advisory & management fees | $100,000 |
| Benefits paid out | $25,313,116 |
| Net assets, start / end of year | $174.7M / $189.0M |
| Active participants, start / end of year | 2,513 / 2,035 |
| Participants with account balances | 2,764 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Horne LLP |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $505,854 reported compensation |
| Sentinel Pension Advisors | $100,000 reported compensation |
| Fidelity Trust Company | $42,947 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930102447NAL0005437283001, received 2025-09-30, EIN 62-1298183, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.