A. Raymond Corporate NA, Inc. 401(k) Review & Grade
A. Raymond Corporate NA, Inc. 401(k) Plan
Rochester Hills, MIManufacturing724 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,136Employer $ per active participant
$4,654Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$82.8MNet plan assets, end of year
$120,736Average balance per account
Score breakdown
- Employer generosity23.1 / 5046th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 62th |
| Employee saving | 46th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,485 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- A. Raymond Corporate NA put in about $2,136 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.
- 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.
- 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 | $1,546,560 |
| Participant (employee) contributions | $3,369,741 |
| Other contributions (incl. rollovers in) | $716,481 |
| Administrative expenses paid from the plan | $121,177 |
| Other admin expenses | $121,177 |
| Benefits paid out | $6,544,342 |
| Net assets, start / end of year | $73.6M / $82.8M |
| Active participants, start / end of year | 723 / 725 |
| Participants with account balances | 686 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran, PLLC |
Largest service providers (Schedule C)
| Nationwide | $121,177 reported compensation |
| Nationwide | $42,967 reported compensation |
| Nationwide | $5,766 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014082102NAL0002313745001, received 2025-10-14, EIN 27-1088874, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.