Imi Americas LLC. 401(k) Review & Grade
Imi 401(k) Plan
Denver, COManufacturing1,634 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,153Employer $ per active participant
$8,235Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$312.6MNet plan assets, end of year
$118,684Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 55th |
| Employee saving | 82th |
| Peers that auto-enroll | 59% |
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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 ($12,086 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $16,275 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Imi Americas put in about $5,153 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.
- 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 | $8,420,187 |
| Participant (employee) contributions | $13,455,588 |
| Other contributions (incl. rollovers in) | $1,517,294 |
| Administrative expenses paid from the plan | $589,042 |
| Investment advisory & management fees | $461,768 |
| Benefits paid out | $39,972,874 |
| Net assets, start / end of year | $296.3M / $312.6M |
| Active participants, start / end of year | 1,721 / 1,547 |
| Participants with account balances | 2,634 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $577,350 reported compensation |
| Financial Management Network | $8,050 reported compensation |
| Charles Schwab & Co., Inc. | $428 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150254NAL0000738979001, received 2025-10-13, EIN 84-0858329, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.