Superior Industries, Inc. 401(k) Review & Grade
Superior Industries, Inc. 401(k) Retirement Plan
Morris, MNManufacturing1,334 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,141Employer $ per active participant
$4,899Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$116.5MNet plan assets, end of year
$71,279Average balance per account
Score breakdown
- Employer generosity32.6 / 5065th percentile for employer $ per participant
- Low cost7.4 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 30th |
| Employee saving | 49th |
| 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
- Superior Industries put in about $3,141 per active participant, more than the typical peer ($2,320). 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 (0.41% 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 | $4,189,891 |
| Participant (employee) contributions | $6,535,204 |
| Other contributions (incl. rollovers in) | $690,718 |
| Administrative expenses paid from the plan | $446,186 |
| Investment advisory & management fees | $218,453 |
| Benefits paid out | $9,112,739 |
| Net assets, start / end of year | $101.6M / $116.5M |
| Active participants, start / end of year | 1,291 / 1,377 |
| Participants with account balances | 1,634 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Redpath & Company, LLC |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $227,733 reported compensation |
| Strategence Capital LLC | $218,453 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003133846NAL0002386960001, received 2025-10-03, EIN 20-1164131, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.