The Wellbridge Group, Inc. 401(k) Review & Grade
The Wellbridge Group, Inc. 401(k) Plan & Trust
Brighton, MIHealth Care & Social Assistance690 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$128Employer $ per active participant
$1,142Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$5.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost13.6 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 55th |
| Employee saving | 25th |
| Peers that auto-enroll | 36% |
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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 ($127,027 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $27,061 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wellbridge Group put in about $128 per active participant, below the typical peer ($976). 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 | $88,577 |
| Participant (employee) contributions | $787,754 |
| Other contributions (incl. rollovers in) | $109,446 |
| Administrative expenses paid from the plan | $10,435 |
| Benefits paid out | $645,609 |
| Net assets, start / end of year | $4.8M / $5.7M |
| Active participants, start / end of year | 673 / 707 |
| Participants with account balances | 248 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $22,733 reported compensation |
| Adp, Inc. | $10,649 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009054646NAL0003373443001, received 2025-10-09, EIN 46-1488426, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.