Komatsu America Corp 401(k) Review & Grade
Komatsu America Corp. Savings Plan
Chicago, ILManufacturing3,568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,534Employer $ per active participant
$7,012Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$509.5MNet plan assets, end of year
$128,567Average balance per account
Score breakdown
- Employer generosity36.8 / 5074th percentile for employer $ per participant
- Low cost15.4 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 61th |
| Employee saving | 60th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($11,540 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,539 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Komatsu America put in about $5,534 per active participant, more than the typical peer ($3,452). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $19,742,777 |
| Participant (employee) contributions | $25,015,743 |
| Other contributions (incl. rollovers in) | $4,037,020 |
| Administrative expenses paid from the plan | $420,241 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $221,187 |
| Benefits paid out | $51,821,648 |
| Net assets, start / end of year | $452.8M / $509.5M |
| Active participants, start / end of year | 3,534 / 3,601 |
| Participants with account balances | 3,963 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $221,187 reported compensation |
| Fidelity Investments Institutional | $212,440 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102951NAL0005803024004, received 2025-10-15, EIN 94-1715128, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.