Dfcu Financial 401(k) Review & Grade
Dfcu Financial 401(k) Plan
Dearborn, MIFinance & Insurance612 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,686Employer $ per active participant
$6,658Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$130.7MNet plan assets, end of year
$161,966Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 95th |
| Employee saving | 45th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Dfcu Financial put in about $5,686 per active participant, more than the typical peer ($3,606). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,479,729 |
| Participant (employee) contributions | $4,074,828 |
| Other contributions (incl. rollovers in) | $1,160,374 |
| Administrative expenses paid from the plan | $25,656 |
| Contract administrator fees | $300 |
| Benefits paid out | $12,864,100 |
| Net assets, start / end of year | $117.4M / $130.7M |
| Active participants, start / end of year | 598 / 626 |
| Participants with account balances | 807 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Schwartz & Co. | $101,378 reported compensation |
| Fidelity Investments Institutional | −$75,722 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150241NAL0000748995001, received 2025-10-13, EIN 38-1350130, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.