Dwyer Instruments, LLC 401(k) Review & Grade
Dwyeromega Safe Harbor 401(k) Plan
Michigan City, INManufacturing1,046 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,559Employer $ per active participant
$5,255Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$117.6MNet plan assets, end of year
$82,566Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 48th |
| Employee saving | 55th |
| 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 ($3,021 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $26,196 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dwyer Instruments put in about $4,559 per active participant, more than the typical peer ($2,320). 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 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 | $4,769,207 |
| Participant (employee) contributions | $5,496,534 |
| Other contributions (incl. rollovers in) | $1,771,204 |
| Administrative expenses paid from the plan | $203,069 |
| Investment advisory & management fees | $19,522 |
| Other admin expenses | $93,750 |
| Benefits paid out | $19,824,964 |
| Net assets, start / end of year | $50.7M / $117.6M |
| Active participants, start / end of year | 502 / 1,590 |
| Participants with account balances | 1,424 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Cap Financial | $113,272 reported compensation |
| Fidelity Investments Institutional | $89,797 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702151514NAL0020023776001, received 2025-07-02, EIN 35-0961454, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.