Teijin Automotive Technologies 401(k) Review & Grade
Teijin Automotive Technologies 401(k) Plan
Auburn Hills, MIManufacturing3,841 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,020Employer $ per active participant
$1,852Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$95.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.7 / 5011th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 33th |
| Employee saving | 7th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($58,370 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Teijin Automotive Technologies put in about $1,020 per active participant, below the typical peer ($3,452). 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 (0.21% of assets) are well above similar-size plans (0.12%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,916,873 |
| Participant (employee) contributions | $7,113,170 |
| Other contributions (incl. rollovers in) | $757,485 |
| Administrative expenses paid from the plan | $194,067 |
| Investment advisory & management fees | $47,216 |
| Other admin expenses | $300 |
| Benefits paid out | $15,025,708 |
| Net assets, start / end of year | $89.7M / $95.6M |
| Active participants, start / end of year | 4,399 / 3,283 |
| Participants with account balances | 1,620 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cusmano & Co. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $146,551 reported compensation |
| Empower Advisory Group, LLC | $47,216 reported compensation |
| Qdro Consultants Company, LLC | $300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013082524NAL0001492816001, received 2025-10-13, EIN 52-2108862, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.