Mazda Toyota Manufacturing, U.S.A. Inc. 401(k) Review & Grade
Mazda Toyota Manufacturing, U. S. A. 401(k) Plan
Madison, ALManufacturing4,198 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,879Employer $ per active participant
$5,483Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$101.8MNet plan assets, end of year
$19,889Average balance per account
Score breakdown
- Employer generosity28.4 / 5057th percentile for employer $ per participant
- Low cost3.6 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 15th |
| Employee saving | 43th |
| 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
- Mazda Toyota Manufacturing, U.S.A. put in about $3,879 per active participant, more than the typical peer ($3,452). 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 (0.12%). 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 | $16,280,624 |
| Participant (employee) contributions | $23,014,309 |
| Other contributions (incl. rollovers in) | $1,131,907 |
| Administrative expenses paid from the plan | $376,890 |
| Contract administrator fees | $257,408 |
| Investment advisory & management fees | $119,482 |
| Benefits paid out | $12,840,200 |
| Net assets, start / end of year | $65.1M / $101.8M |
| Active participants, start / end of year | 3,896 / 4,499 |
| Participants with account balances | 5,119 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $257,581 reported compensation |
| True Wealth Advisors | $119,482 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134924NAL0002519043001, received 2025-10-15, EIN 82-4661907, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.