Toyota Boshoku America, Inc. 401(k) Review & Grade
Toyota Boshoku America, Inc. 401(k) Profit Sharing Plan & Trust
Erlanger, KYManufacturing4,154 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,933Employer $ per active participant
$5,581Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$233.1MNet plan assets, end of year
$43,548Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 40th |
| Employee saving | 44th |
| 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 ($8,687 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
- Toyota Boshoku America put in about $1,933 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.
- 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.
- 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 | $8,028,458 |
| Participant (employee) contributions | $23,179,026 |
| Other contributions (incl. rollovers in) | $3,398,213 |
| Administrative expenses paid from the plan | $367,041 |
| Investment advisory & management fees | $52,919 |
| Benefits paid out | $20,328,336 |
| Net assets, start / end of year | $193.1M / $233.1M |
| Active participants, start / end of year | 4,063 / 4,244 |
| Participants with account balances | 5,353 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Barnes, Dennig & Co., LTD |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $314,122 reported compensation |
| Morgan Stanley | $50,500 reported compensation |
| Charles Schwab & Co., Inc. | $47 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010095541NAL0007902641001, received 2025-10-10, EIN 38-3603141, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.