Grede 401(k) Review & Grade
Grede Savings Plan
Southfield, MIManufacturing2,246 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,170Employer $ per active participant
$3,108Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$125.2MNet plan assets, end of year
$87,127Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 55th |
| Employee saving | 24th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $119,132 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Grede put in about $1,170 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.
- 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 | $2,626,128 |
| Participant (employee) contributions | $6,978,564 |
| Other contributions (incl. rollovers in) | $302,810 |
| Administrative expenses paid from the plan | $233,800 |
| Investment advisory & management fees | $128,077 |
| Other admin expenses | $1,600 |
| Benefits paid out | $14,467,481 |
| Net assets, start / end of year | $114.5M / $125.2M |
| Active participants, start / end of year | 2,148 / 2,343 |
| Participants with account balances | 1,437 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GJC CPA & Advisors |
Largest service providers (Schedule C)
| Kestra Investment Services LLC | $113,789 reported compensation |
| Fidelity Investments Institutional | $104,123 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135555NAL0003082241001, received 2025-10-14, EIN 27-1652192, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.