Retirement plan

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

Name: KELSEY-HAYES COMPANY - ZF NORTH AMERICA, INC. HOURLY 401(K) SAVINGS PLAN (2024) Form 5500
Creator: KELSEY-HAYES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZF NORTH AMERICA, INC. HOURLY 401(K) SAVINGS PLAN, KELSEY-HAYES COMPANY

KELSEY-HAYES COMPANYEIN 61-1462969Plan #058PY 2024

15811 CENTENNIAL DRIVE - NORTHVILLE, MI 48168734-855-2600LinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$1.72B assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$39.8M

-8.0% from 2023

Total participants

877

-31.8% from 2023

Average account balance

$53,596

+39.7% from 2023

Annual return

-3.53%

-21.74 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.77M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

742

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

-3.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$58,699
PLANTE & MORAN, PLLC4+ years Filed as: PLANTE & MORAN Service code 10 · EIN 33-1498605	Accounting	$27,250
DYKEMA GOSSETT PLLC1 year Service code 16 · EIN 38-1446628	Consulting	$11,998
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$11,902

Plan features & details

Pension benefit codes2J2K2T3H2E2R2H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$112K

$197 / participant

Recordkeeping$59K52.4%
Investment mgmt$12K10.6%
Other / not subdivided$41K36.9%

% of EOY assets

0.281%

all-in expense ratio

Categories reported

2 / 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: 331498605
Audit fees: $27,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,596

$89,093-39.8%

$102,434-47.7%

$77,736-31.1%

Participation rate

76.3%

80.9%-4.7pp

76.5%-0.2pp

70.6%+5.7pp

Annual return

-3.53%

25.03%-28.6pp

29.46%-33.0pp

31.26%-34.8pp

Employer contribution / active EE

$1,615

$2,699-40.2%

$3,023-46.6%

$2,728-40.8%

Participant deferral / active EE

$3,266

$5,147-36.5%

$5,055-35.4%

$4,651-29.8%

Admin fee / account holder

$151

$236-36.1%

$9,462-98.4%

$433-65.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$58,699

PLANTE & MORAN, PLLC4+ years

Filed as: PLANTE & MORAN

Service code 10 · EIN 33-1498605

Accounting

$27,250

DYKEMA GOSSETT PLLC1 year

Service code 16 · EIN 38-1446628

Consulting

$11,998

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$11,902

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZF NORTH AMERICA, INC. HOURLY 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