Retirement plan

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

Name: KELSEY-HAYES COMPANY - ZF NORTH AMERICA, INC. HOURLY 401(K) SAVINGS PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$1.83B assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$43.2M

+14.3% from 2022

Total participants

1,285

-8.5% from 2022

Average account balance

$38,372

+18.3% from 2022

Annual return

18.21%

+34.84 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$46,817
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,514
MERCER3+ years Filed as: MERCER INVESTMENTS LLC Service code 27 · EIN 13-2834414	Advisory (Plan)	$9,510

Plan features & details

Pension benefit codes2H2J2K2R2T3H2E

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$70K

$78 / participant

Recordkeeping$46K65.8%
Investment mgmt$22K31.3%
Other / not subdivided$2K2.8%

% of EOY assets

0.163%

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: 381357951
Audit fees: $2,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,372

$99,168-61.3%

$96,576-60.3%

$74,440-48.5%

Participation rate

82.4%

80.7%+1.8pp

76.0%+6.5pp

70.7%+11.7pp

Annual return

18.21%

22.40%-4.2pp

25.87%-7.7pp

34.37%-16.2pp

Employer contribution / active EE

$1,455

$2,570-43.4%

$2,965-50.9%

$2,638-44.8%

Participant deferral / active EE

$2,841

$4,936-42.4%

$4,851-41.4%

$4,529-37.3%

Admin fee / account holder

$62

$225-72.2%

$8,253-99.2%

$348-82.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$46,817

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,514

MERCER3+ years

Filed as: MERCER INVESTMENTS LLC

Service code 27 · EIN 13-2834414

Advisory (Plan)

$9,510

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