Ifa Rotorion North America, LLC 401(k) Review & Grade
Ifa Rotorion North America, LLC 401(k) Plan
Summerville, SCManufacturing516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,303Employer $ per active participant
$2,159Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$15.7MNet plan assets, end of year
$37,895Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 9th |
| Employee saving | 14th |
| 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
- Ifa Rotorion North America put in about $1,303 per active participant, below the typical peer ($2,320). 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 (0.85% 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.
- 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 | $671,451 |
| Participant (employee) contributions | $1,113,069 |
| Other contributions (incl. rollovers in) | $130,113 |
| Administrative expenses paid from the plan | $125,403 |
| Benefits paid out | $1,818,569 |
| Net assets, start / end of year | $13.7M / $15.7M |
| Active participants, start / end of year | 549 / 482 |
| Participants with account balances | 414 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Davis, LLC |
Largest service providers (Schedule C)
| South State RPS | $96,003 reported compensation |
| Elliott Davis LLC | $29,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111238NAL0004378881001, received 2025-10-15, EIN 04-3590499, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.