Invio Automation, Inc. 401(k) Review & Grade
Invio Automation, Inc. 401(k) Plan
Lansing, MIManufacturing502 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,734Employer $ per active participant
$6,753Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$39.1MNet plan assets, end of year
$76,458Average balance per account
Score breakdown
- Employer generosity35.8 / 5072th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 26th |
| 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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Invio Automation put in about $3,734 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.
- Direct plan expenses (0.45% 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.
- 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 | $1,876,366 |
| Participant (employee) contributions | $3,393,472 |
| Other contributions (incl. rollovers in) | $413,386 |
| Administrative expenses paid from the plan | $146,877 |
| Contract administrator fees | $146,877 |
| Benefits paid out | $4,889,630 |
| Net assets, start / end of year | $25.7M / $39.1M |
| Active participants, start / end of year | 509 / 496 |
| Participants with account balances | 512 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maner Costerisan |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $146,877 reported compensation |
| Ohio National Insurance Agency Inc | $31,206 reported compensation |
| O N Equity Sales Co | $7,332 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001115300NAL0005908339001, received 2025-10-01, EIN 83-3107759, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.