Bendix Commercial Vehicle Systems LLC 401(k) Review & Grade
Bendix Commercial Vehicle Systems LLC Savings Plan
Avon, OHManufacturing2,320 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,812Employer $ per active participant
$6,701Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$387.5MNet plan assets, end of year
$142,321Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost21.1 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 85th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $6,620 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bendix Commercial Vehicle Systems put in about $3,812 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.
- 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 | $8,844,453 |
| Participant (employee) contributions | $15,546,798 |
| Other contributions (incl. rollovers in) | $1,059,781 |
| Administrative expenses paid from the plan | $219,547 |
| Contract administrator fees | $2,400 |
| Benefits paid out | $42,237,024 |
| Net assets, start / end of year | $355.7M / $387.5M |
| Active participants, start / end of year | 2,435 / 2,205 |
| Participants with account balances | 2,723 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante Moran PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $219,547 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014131643NAL0004044848001, received 2025-10-14, EIN 26-3792367, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.