Subaru of Indiana Automotive, Inc. 401(k) Review & Grade
Sia Retirement Plan
Lafayette, INManufacturing5,971 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,553Employer $ per active participant
$5,921Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$902.6MNet plan assets, end of year
$113,981Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 70th |
| Employee saving | 48th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,916 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Subaru of Indiana Automotive put in about $5,553 per active participant, more than the typical peer ($3,452). 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.
- 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.
- 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 | $33,158,664 |
| Participant (employee) contributions | $35,356,747 |
| Other contributions (incl. rollovers in) | $1,414,690 |
| Administrative expenses paid from the plan | $572,587 |
| Benefits paid out | $91,660,197 |
| Net assets, start / end of year | $818.5M / $902.6M |
| Active participants, start / end of year | 5,957 / 5,985 |
| Participants with account balances | 7,919 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $462,453 reported compensation |
| Vanguard Advisors Inc. | $110,134 reported compensation |
| The Vanguard Group, Inc. | $4,910 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002125918NAL0000349555001, received 2025-10-02, EIN 35-1709710, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.