Jtekt North America Corporation 401(k) Review & Grade
Jtekt North America 401(k) Retirement Plan
Greenville, SCManufacturing4,452 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,205Employer $ per active participant
$5,609Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$450.5MNet plan assets, end of year
$78,729Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 44th |
| Employee saving | 44th |
| Peers that auto-enroll | 70% |
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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
- Jtekt North America put in about $3,205 per active participant, below the typical peer ($3,452). 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.
- 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 | $14,270,588 |
| Participant (employee) contributions | $24,976,273 |
| Other contributions (incl. rollovers in) | $2,118,597 |
| Administrative expenses paid from the plan | $638,381 |
| Contract administrator fees | $102,610 |
| Investment advisory & management fees | $72,000 |
| Other admin expenses | $1,370 |
| Benefits paid out | $54,980,729 |
| Net assets, start / end of year | $419.9M / $450.5M |
| Active participants, start / end of year | 4,379 / 4,526 |
| Participants with account balances | 5,722 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bauknight, Pietras & Stormer P.A. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $538,864 reported compensation |
| Cbiz Investment Advisory Services L | $72,000 reported compensation |
| Pruco Securities LLC | $49,830 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140151NAL0002119840001, received 2025-10-13, EIN 57-0570962, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.