Edward Rose Building Enterprise, LLC 401(k) Review & Grade
Edward Rose Building Enterprise 401(k) Plan
Bloomfield Hills, MIReal Estate & Rental2,260 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,345Employer $ per active participant
$4,348Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$104.6MNet plan assets, end of year
$38,951Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 64th |
| Employee saving | 60th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,039 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Edward Rose Building Enterprise put in about $1,345 per active participant, more than the typical peer ($1,279). 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 | $3,040,478 |
| Participant (employee) contributions | $9,829,782 |
| Other contributions (incl. rollovers in) | $1,003,121 |
| Administrative expenses paid from the plan | $141,045 |
| Investment advisory & management fees | $50,000 |
| Benefits paid out | $11,005,983 |
| Net assets, start / end of year | $90.6M / $104.6M |
| Active participants, start / end of year | 2,040 / 2,481 |
| Participants with account balances | 2,685 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rehman Robson, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,045 reported compensation |
| Morgan Stanley & Co. Inc | $50,000 reported compensation |
| Rehmann Robson LLC | $21,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916101153NAL0001248179001, received 2025-09-16, EIN 84-3810548, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.