NHK Seating of America, Inc. 401(k) Review & Grade
NHK Seating of America, Inc. 401(k) PS Plan and Trust
Frankfort, INManufacturing564 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,719Employer $ per active participant
$2,418Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$20.1MNet plan assets, end of year
$27,689Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost8.6 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 35th |
| Employee saving | 16th |
| 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
- NHK Seating of America put in about $1,719 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 (0.36% 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 | $969,603 |
| Participant (employee) contributions | $1,363,962 |
| Other contributions (incl. rollovers in) | $193,401 |
| Administrative expenses paid from the plan | $68,213 |
| Investment advisory & management fees | $39,018 |
| Benefits paid out | $3,009,310 |
| Net assets, start / end of year | $18.2M / $20.1M |
| Active participants, start / end of year | 541 / 587 |
| Participants with account balances | 726 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Schaefer Hackett & Co. |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $39,430 reported compensation |
| Adp, Inc. | $29,195 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908051441NAL0032249344001, received 2025-09-08, EIN 38-2750123, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.