International Motors, LLC 401(k) Review & Grade
International Motors, LLC 401(k) Plan for Represented Employees
Lisle, ILManufacturing2,929 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,438Employer $ per active participant
$3,458Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$219.9MNet plan assets, end of year
$63,518Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 63th |
| Employee saving | 19th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $21,355 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- International Motors put in about $2,438 per active participant, below the typical peer ($3,452). 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 | $7,141,859 |
| Participant (employee) contributions | $10,129,872 |
| Other contributions (incl. rollovers in) | $141,930 |
| Administrative expenses paid from the plan | $172,611 |
| Investment advisory & management fees | $54,322 |
| Benefits paid out | $22,008,203 |
| Net assets, start / end of year | $197.7M / $219.9M |
| Active participants, start / end of year | 2,993 / 2,865 |
| Participants with account balances | 3,462 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $118,289 reported compensation |
| Empower Advisory Group, LLC | $54,322 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731141021NAL0008650512001, received 2025-07-31, EIN 36-1264810, plan #032, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.