Engine & Transmission Exchange, Inc. 401(k) Review & Grade
Engine & Transmission Exchange, Inc 401(k) Plan and Trust
Milwaukee, WIOther Services582 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$77Employer $ per active participant
$1,364Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$7.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 58th |
| Employee saving | 32th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($15,010 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $14,801 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Engine & Transmission Exchange put in about $77 per active participant, below the typical peer ($1,257). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $45,058 |
| Participant (employee) contributions | $794,518 |
| Other contributions (incl. rollovers in) | $91,354 |
| Administrative expenses paid from the plan | $12,432 |
| Contract administrator fees | $5,425 |
| Investment advisory & management fees | $6,407 |
| Other admin expenses | $600 |
| Benefits paid out | $311,023 |
| Net assets, start / end of year | $6.1M / $7.7M |
| Active participants, start / end of year | 586 / 579 |
| Participants with account balances | 193 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Vrakas, S.C. |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $32,273 reported compensation |
| Voya Retirement Advisors, LLC | $4,983 reported compensation |
| Morningstar | $1,752 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123618NAL0002822274001, received 2025-10-13, EIN 39-1571264, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.