Retirement plan

ADIENT AEROSPACE LLC SAVINGS AND INVESTMENT 401(K) PLAN

Name: ADIENT AEROSPACE, LLC - ADIENT AEROSPACE LLC SAVINGS AND INVESTMENT 401(K) PLAN (2024) Form 5500
Creator: ADIENT AEROSPACE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADIENT AEROSPACE LLC SAVINGS AND INVESTMENT 401(K) PLAN, ADIENT AEROSPACE, LLC

ADIENT AEROSPACE, LLCEIN 83-2066190Plan #001PY 2024

5511 SKYLAB ROAD - HUNTINGTON BEACH, CA 92647714-719-8352

Prospect flagsLow assets / participant

Top hat statement on fileNQDC

Filed January 28, 2022

Plan administrator

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5511 Skylab Rd.

Huntington Beach, CA 92647

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Plans declared (1)

Adient Aerospace NQ3 emp

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Total assets (EOY)

$16.1M

+44.6% from 2023

Total participants

565

+82.8% from 2023

Average account balance

$28,887

-23.7% from 2023

Annual return

23.93%

+2.99 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

$16.15M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

559

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+23.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-27

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FID INV INST OPS CO2 years Service code 15 · EIN 04-2647786	Recordkeeping	$7,706
STRATEGIC ADVISORS, INC.2 years Filed as: STRATEGIC ADVISORS LLP Service code 27 · EIN 04-2654524	Advisory (Plan)	$3,345

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

-$15K

$-32 / participant

Recordkeeping$8K0.0%
Investment mgmt$3K0.0%

% of EOY assets

-0.093%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $-25,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,887

$89,093-67.6%

$102,434-71.8%

$77,736-62.8%

Participation rate

98.7%

80.9%+17.8pp

76.5%+22.2pp

70.6%+28.2pp

Annual return

23.93%

25.03%-1.1pp

29.46%-5.5pp

31.26%-7.3pp

Employer contribution / active EE

$2,929

$2,699+8.5%

$3,023-3.1%

$2,728+7.4%

Participant deferral / active EE

$5,552

$5,147+7.9%

$5,055+9.8%

$4,651+19.4%

Admin fee / account holder

-$27

$236-111.4%

$9,462-100.3%

$433-106.2%

Provider

Service type

Compensation

FID INV INST OPS CO2 years

Service code 15 · EIN 04-2647786

Recordkeeping

$7,706

STRATEGIC ADVISORS, INC.2 years

Filed as: STRATEGIC ADVISORS LLP

Service code 27 · EIN 04-2654524

Advisory (Plan)

$3,345

ADIENT AEROSPACE LLC SAVINGS AND INVESTMENT 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADIENT AEROSPACE LLC SAVINGS AND INVESTMENT 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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