Easterseals Morc 401(k) Review & Grade
Easter Seals - Michigan, Inc. 401(k) Plan
Auburn Hills, MIHealth Care & Social Assistance942 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,377Employer $ per active participant
$4,377Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$87.7MNet plan assets, end of year
$65,321Average balance per account
Score breakdown
- Employer generosity44.6 / 5089th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 37th |
| Employee saving | 72th |
| Peers that auto-enroll | 36% |
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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
- Easterseals Morc put in about $4,377 per active participant, more than the typical peer ($976). 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 | $4,125,099 |
| Participant (employee) contributions | $4,125,369 |
| Other contributions (incl. rollovers in) | $1,052,413 |
| Administrative expenses paid from the plan | $269,784 |
| Contract administrator fees | $123,410 |
| Investment advisory & management fees | $146,374 |
| Benefits paid out | $8,210,912 |
| Net assets, start / end of year | $77.2M / $87.7M |
| Active participants, start / end of year | 931 / 954 |
| Participants with account balances | 1,342 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| M Holdings Securities Inc | $146,374 reported compensation |
| John Hancock | $123,410 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260429092015NAL0022630242001, received 2026-04-29, EIN 38-1402860, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.