Henniges Automotive North America, Inc. 401(k) Review & Grade
Henniges Automotive Retirement Savings Plan
Auburn Hills, MIManufacturing1,384 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,994Employer $ per active participant
$4,141Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$165.2MNet plan assets, end of year
$120,656Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 69th |
| Employee saving | 39th |
| 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
- Henniges Automotive North America put in about $1,994 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 | $2,760,108 |
| Participant (employee) contributions | $5,731,671 |
| Other contributions (incl. rollovers in) | $834,378 |
| Administrative expenses paid from the plan | $188,233 |
| Benefits paid out | $9,939,998 |
| Net assets, start / end of year | $142.1M / $165.2M |
| Active participants, start / end of year | 1,383 / 1,385 |
| Participants with account balances | 1,369 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Gregory J Schwartz | $47,497 reported compensation |
| Fidelity Investments Institutional | −$65,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013102304NAL0001695408001, received 2025-10-13, EIN 38-2034292, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.