Draexlmaier Automotive of America, LLC 401(k) Review & Grade
Draexlmaier Automotive 401(k) Plan
Duncan, SCManufacturing1,288 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,167Employer $ per active participant
$4,777Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$77.1MNet plan assets, end of year
$64,903Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 62th |
| Employee saving | 48th |
| Peers that auto-enroll | 59% |
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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
- Draexlmaier Automotive of America put in about $2,167 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 | $2,791,790 |
| Participant (employee) contributions | $6,154,976 |
| Other contributions (incl. rollovers in) | $792,408 |
| Administrative expenses paid from the plan | $114,160 |
| Benefits paid out | $8,193,025 |
| Net assets, start / end of year | $66.7M / $77.1M |
| Active participants, start / end of year | 1,266 / 1,311 |
| Participants with account balances | 1,188 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Marzars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923100335NAL0007808979001, received 2025-09-23, EIN 57-1032181, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.