Mann+hummel Filtration Technology US LLC 401(k) Review & Grade
Mann+hummel 401(k) Plan
Gastonia, NCRetail Trade4,609 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,027Employer $ per active participant
$3,347Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$249.4MNet plan assets, end of year
$42,648Average balance per account
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 31th |
| Employee saving | 70th |
| Peers that auto-enroll | 42% |
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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 ($293,121 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,085 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mann+hummel Filtration Technology US put in about $2,027 per active participant, more than the typical peer ($650). 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $9,341,736 |
| Participant (employee) contributions | $15,426,278 |
| Other contributions (incl. rollovers in) | $1,611,511 |
| Administrative expenses paid from the plan | $539,383 |
| Investment advisory & management fees | $34,351 |
| Other admin expenses | $210,789 |
| Benefits paid out | $30,995,643 |
| Net assets, start / end of year | $231.7M / $249.4M |
| Active participants, start / end of year | 4,856 / 4,362 |
| Participants with account balances | 5,847 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $287,785 reported compensation |
| Mercer Investments, LLC | $210,789 reported compensation |
| Empower Advisory Group, LLC | $34,351 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150317NAL0004934065001, received 2025-10-15, EIN 20-1483497, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.