Duravent, Inc. 401(k) Review & Grade
Duravent Group Retirement Savings and Investment Plan
Detroit, MIManufacturing836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,758Employer $ per active participant
$3,843Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$48.7MNet plan assets, end of year
$57,412Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 32th |
| Employee saving | 34th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($452,145 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $6,133 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Duravent put in about $1,758 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,470,874 |
| Participant (employee) contributions | $3,214,317 |
| Other contributions (incl. rollovers in) | $1,051,402 |
| Administrative expenses paid from the plan | $177,164 |
| Investment advisory & management fees | $69,226 |
| Benefits paid out | $5,906,362 |
| Net assets, start / end of year | $44.2M / $48.7M |
| Active participants, start / end of year | 802 / 871 |
| Participants with account balances | 849 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $68,563 reported compensation |
| Morganstanleysmithbarneyllc | $61,530 reported compensation |
| Cliftonlarsonallen LLP | $39,375 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132259NAL0002359059001, received 2025-10-15, EIN 27-3086791, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.