Retirement plan

ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN

Name: ZF NORTH AMERICA, INC. - ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN (2022) Form 5500
Creator: ZF NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN, ZF NORTH AMERICA, INC.

ZF NORTH AMERICA, INC.EIN 61-1462969Plan #002PY 2022

12001 TECH CENTER DRIVE - LIVONIA, MI 48150734-855-2600LinkedIn1-10 employees

Other plans on this EIN

1 filing

#058Retirement-$37.8M assets

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$1571.8M

No prior year

Total participants

14,173

No prior year

Average account balance

$111,092

No prior year

Annual return

-17.04%

+69.52 pp from 2016

Benchmarks

See 101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort101 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.72B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$148K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

11,650

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-1.67%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$105

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$671,625
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$520,865
MERCER2 years Service code 16 · EIN 13-2834414	Consulting	$68,952
CLARK, SCHAEFER, HACKETT & CO.1 year Filed as: CLARK SCHAEFFER HACKETT Service code 10 · EIN 31-0800053	Accounting	$24,300
PLANTE & MORAN, PLLC2 years Filed as: PLANTE & MORAN Service code 10 · EIN 38-1357951	Accounting	$17,000
BAKER & HOSTETLER LLP2 years Service code 16 · EIN 34-0082025	Consulting	$15,760

Plan features & details

Pension benefit codes2R2J2K2T3H2E2F2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$128 / participant

Investment mgmt$672K51.2%
Other / not subdivided$639K48.8%

% of EOY assets

0.083%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,092

$138,331-19.7%

$86,717+28.1%

$89,433+24.2%

Participation rate

99.8%

88.9%+10.9pp

76.6%+23.2pp

71.3%+28.5pp

Annual return

-17.04%

-11.72%-5.3pp

35.97%-53.0pp

-11.88%-5.2pp

Employer contribution / active EE

$4,516

$4,812-6.1%

$2,837+59.2%

$3,021+49.5%

Participant deferral / active EE

$6,845

$8,027-14.7%

$4,657+47.0%

$5,125+33.6%

Admin fee / account holder

$93

$64+44.5%

$7,494-98.8%

$79+16.7%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$671,625

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$520,865

MERCER2 years

Service code 16 · EIN 13-2834414

Consulting

$68,952

CLARK, SCHAEFER, HACKETT & CO.1 year

Filed as: CLARK SCHAEFFER HACKETT

Service code 10 · EIN 31-0800053

Accounting

$24,300

PLANTE & MORAN, PLLC2 years

Filed as: PLANTE & MORAN

Service code 10 · EIN 38-1357951

Accounting

$17,000

BAKER & HOSTETLER LLP2 years

Service code 16 · EIN 34-0082025

Consulting

$15,760

ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZF NORTH AMERICA, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion