Etna Shared Services, LLC 401(k) Review & Grade
Etna Shared Services 401(k) & Profit Sharing Plan
Grand Rapids, MIWholesale Trade538 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,533Employer $ per active participant
$6,252Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$41.6MNet plan assets, end of year
$66,824Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 31th |
| Employee saving | 71th |
| Peers that auto-enroll | 53% |
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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
- Etna Shared Services put in about $1,533 per active participant, below the typical peer ($1,792). 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 (0.39% 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.
- 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 | $825,503 |
| Participant (employee) contributions | $3,366,551 |
| Other contributions (incl. rollovers in) | $278,436 |
| Administrative expenses paid from the plan | $149,299 |
| Contract administrator fees | $91,647 |
| Investment advisory & management fees | $38,956 |
| Other admin expenses | $5,956 |
| Benefits paid out | $1,841,217 |
| Net assets, start / end of year | $34.5M / $41.6M |
| Active participants, start / end of year | 518 / 559 |
| Participants with account balances | 622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brickley Delong, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $91,647 reported compensation |
| Rockefeller Capital Management | $33,012 reported compensation |
| Brickley Delong | $12,740 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715150830NAL0001413331001, received 2025-07-15, EIN 20-1951356, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.