Norma Michigan, Inc. 401(k) Review & Grade
Norma Group USA Retirement Savings Plan
Auburn Hills, MIManufacturing1,096 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,368Employer $ per active participant
$4,191Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$81.2MNet plan assets, end of year
$102,637Average balance per account
Score breakdown
- Employer generosity25.7 / 5051th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 60th |
| Employee saving | 39th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $255 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Norma Michigan put in about $2,368 per active participant, more than the typical peer ($2,320). 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.
- 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 | $2,596,410 |
| Participant (employee) contributions | $4,595,744 |
| Other contributions (incl. rollovers in) | $693,182 |
| Administrative expenses paid from the plan | $128,182 |
| Investment advisory & management fees | $42,698 |
| Benefits paid out | $7,151,977 |
| Net assets, start / end of year | $71.1M / $81.2M |
| Active participants, start / end of year | 1,024 / 1,169 |
| Participants with account balances | 791 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,484 reported compensation |
| Onedigital Investment Advisors LLC | $26,000 reported compensation |
| Strategic Advisors, Inc. | $16,698 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905143325NAL0017285953001, received 2025-09-05, EIN 38-2039573, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.