Epitec, Inc. 401(k) Review & Grade
Epitec, Inc. 401(k) Profit Sharing Plan and Trust
Southfield, MIProfessional, Scientific & Technical Services1,085 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$256Employer $ per active participant
$3,548Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$47.0MNet plan assets, end of year
$50,501Average balance per account
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 74th |
| Employee saving | 19th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $122,908 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Epitec put in about $256 per active participant, below the typical peer ($3,082). 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.
- 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 | $278,108 |
| Participant (employee) contributions | $3,849,215 |
| Other contributions (incl. rollovers in) | $625,700 |
| Administrative expenses paid from the plan | $45,259 |
| Investment advisory & management fees | $17,500 |
| Benefits paid out | $6,511,678 |
| Net assets, start / end of year | $43.4M / $47.0M |
| Active participants, start / end of year | 1,216 / 954 |
| Participants with account balances | 930 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Adp, Inc. | $27,758 reported compensation |
| Plante & Moran, PLLC | $17,500 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716052532NAL0002758609001, received 2025-07-16, EIN 38-2563079, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.