Premier Resources, LLC 401(k) Review & Grade
Premier Resources, LLC 401(k) Plan
MT. Pleasant, MIAdministrative, Support & Staffing Services1,668 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$43Employer $ per active participant
$160Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$5.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 13th |
| Employee saving | 8th |
| Peers that auto-enroll | 27% |
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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 ($3,575 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $18,292 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Premier Resources put in about $43 per active participant, below the typical peer ($712). 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.
- Direct plan expenses (0.70% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $72,462 |
| Participant (employee) contributions | $267,452 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $34,734 |
| Investment advisory & management fees | $16,128 |
| Benefits paid out | $514,232 |
| Net assets, start / end of year | $4.8M / $5.2M |
| Active participants, start / end of year | 315 / 3,022 |
| Participants with account balances | 101 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Andrews Hooper Pavlik PLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $18,606 reported compensation |
| LPL Financial LLC | $16,128 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923152006NAL0009387442001, received 2025-09-23, EIN 38-3464874, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.