Moriroku Technology North America Inc. 401(k) Review & Grade
Moriroku Technology North America Inc. Savings and Retirement Plan
Greenville, OHManufacturing1,116 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,235Employer $ per active participant
$2,080Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$52.8MNet plan assets, end of year
$35,535Average balance per account
Score breakdown
- Employer generosity11.8 / 5024th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 25th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Moriroku Technology North America put in about $1,235 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 (0.47% 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 | $1,378,814 |
| Participant (employee) contributions | $2,322,592 |
| Other contributions (incl. rollovers in) | $47,695 |
| Administrative expenses paid from the plan | $239,715 |
| Investment advisory & management fees | $2,104 |
| Benefits paid out | $6,360,315 |
| Net assets, start / end of year | $49.4M / $52.8M |
| Active participants, start / end of year | 1,157 / 1,076 |
| Participants with account balances | 1,487 |
| Auto-enrollment (feature code 2S) | Yes |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $237,367 reported compensation |
| Horan Securities Inc | $22,032 reported compensation |
| Empower Advisory Group, LLC | $2,104 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007135926NAL0004678945001, received 2025-10-07, EIN 31-1177346, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.