Dte Energy Corporate Services, LLC 401(k) Review & Grade
Dte Electric Company Savings and Stock Ownership Plan for Employees Represented by Local 223 of the Utility Workers Union of America
Detroit, MIUtilities3,498 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,424Employer $ per active participant
$11,143Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$963.3MNet plan assets, end of year
$236,676Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 67th |
| Employee saving | 51th |
| Peers that auto-enroll | 82% |
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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
- Dte Energy Corporate Services put in about $6,424 per active participant, below the typical peer ($6,490). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $22,466,251 |
| Participant (employee) contributions | $38,972,328 |
| Other contributions (incl. rollovers in) | $1,041,566 |
| Administrative expenses paid from the plan | $677,031 |
| Investment advisory & management fees | $662,479 |
| Benefits paid out | $80,823,523 |
| Net assets, start / end of year | $857.5M / $963.3M |
| Active participants, start / end of year | 3,556 / 3,439 |
| Participants with account balances | 4,070 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | GJC Cpas & Advisors |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $597,917 reported compensation |
| Blackrock Institutional Trust Co | $28,477 reported compensation |
| Jpmorgan Chase Bank, NA | $10,666 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003070541NAL0001143601001, received 2025-10-03, EIN 20-5898509, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.