Amada North America, Inc. 401(k) Review & Grade
Amada North America Group Profit Sharing and 401(k) Plan
Buena Park, CAWholesale Trade897 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,258Employer $ per active participant
$5,738Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$151.8MNet plan assets, end of year
$139,921Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 84th |
| Employee saving | 65th |
| Peers that auto-enroll | 53% |
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
- Amada North America put in about $4,258 per active participant, more than the typical peer ($1,792). 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.
- 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 | $3,819,316 |
| Participant (employee) contributions | $5,146,931 |
| Other contributions (incl. rollovers in) | $281,315 |
| Administrative expenses paid from the plan | $88,142 |
| Contract administrator fees | $13,298 |
| Investment advisory & management fees | $32,956 |
| Other admin expenses | $175 |
| Benefits paid out | $14,623,846 |
| Net assets, start / end of year | $137.1M / $151.8M |
| Active participants, start / end of year | 867 / 927 |
| Participants with account balances | 1,085 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Kaplan Arase LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $55,011 reported compensation |
| Multnomah Group Inc | $26,167 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009150533NAL0006779073001, received 2025-10-09, EIN 91-0862945, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.