International Automotive Components Group North America 401(k) Review & Grade
Iacna Hourly Employees Retirement Savings Plan
Southfield, MIManufacturing1,760 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$287Employer $ per active participant
$887Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$54.4MNet plan assets, end of year
$53,047Average balance per account
Score breakdown
- Employer generosity1.8 / 504th percentile for employer $ per participant
- Low cost10.1 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 41th |
| Employee saving | 3th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $549 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- International Automotive Components Group North America put in about $287 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 | $505,291 |
| Participant (employee) contributions | $1,561,668 |
| Other contributions (incl. rollovers in) | $47,348 |
| Administrative expenses paid from the plan | $163,370 |
| Investment advisory & management fees | $29,675 |
| Other admin expenses | $45,000 |
| Benefits paid out | $9,706,584 |
| Net assets, start / end of year | $55.0M / $54.4M |
| Active participants, start / end of year | 1,923 / 1,598 |
| Participants with account balances | 1,025 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $88,695 reported compensation |
| Willis Towers Watson | $45,000 reported compensation |
| Strategic Advisors, Inc. | $29,675 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143709NAL0001516131001, received 2025-10-14, EIN 20-8306510, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.