Stefanini 401(k) Review & Grade
Stefanini Retirement Savings Plan
Southfield, MIProfessional, Scientific & Technical Services1,082 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$870Employer $ per active participant
$4,720Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$69.7MNet plan assets, end of year
$47,890Average balance per account
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 55th |
| Employee saving | 24th |
| Peers that auto-enroll | 48% |
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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
- Stefanini put in about $870 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.
- 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 | $941,448 |
| Participant (employee) contributions | $5,108,941 |
| Other contributions (incl. rollovers in) | $498,969 |
| Administrative expenses paid from the plan | $128,053 |
| Investment advisory & management fees | $50,034 |
| Benefits paid out | $6,289,754 |
| Net assets, start / end of year | $61.1M / $69.7M |
| Active participants, start / end of year | 1,188 / 977 |
| Participants with account balances | 1,455 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $78,019 reported compensation |
| Bank of America N.A. | $50,034 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015060932NAL0001928403001, received 2025-10-15, EIN 38-2774613, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.