Avanzar Interior Technologies, LTD. 401(k) Review & Grade
Avanzar Interior Technologies, LTD Savings and Investment (401k) Plan
Plymouth, MIManufacturing1,140 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,850Employer $ per active participant
$2,259Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$33.5MNet plan assets, end of year
$30,899Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 48th |
| Employee saving | 15th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $42,182 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avanzar Interior Technologies put in about $2,850 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.
- 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.
- 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 | $3,250,127 |
| Participant (employee) contributions | $2,576,572 |
| Other contributions (incl. rollovers in) | $163,570 |
| Administrative expenses paid from the plan | $79,460 |
| Contract administrator fees | $300 |
| Benefits paid out | $6,923,928 |
| Net assets, start / end of year | $31.8M / $33.5M |
| Active participants, start / end of year | 1,122 / 1,159 |
| Participants with account balances | 1,083 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Invest. Inst. Opr. Co. | $79,460 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714153006NAL0000982739001, received 2025-07-14, EIN 20-1818668, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.