Wade Trim Group, Inc. 401(k) Review & Grade
Wade Trim Group, Inc. Profit Sharing & 401k Savings Plan
Detroit, MIProfessional, Scientific & Technical Services680 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,450Employer $ per active participant
$8,613Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$87.0MNet plan assets, end of year
$98,065Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost15.3 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 61th |
| Employee saving | 47th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Wade Trim Group put in about $2,450 per active participant, below the typical peer ($3,082). 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 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 | $1,665,695 |
| Participant (employee) contributions | $5,856,587 |
| Other contributions (incl. rollovers in) | $783,853 |
| Administrative expenses paid from the plan | $130,267 |
| Investment advisory & management fees | $49,635 |
| Other admin expenses | $450 |
| Benefits paid out | $6,568,188 |
| Net assets, start / end of year | $75.6M / $87.0M |
| Active participants, start / end of year | 660 / 700 |
| Participants with account balances | 887 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $68,482 reported compensation |
| Capfinancial Partners LLC | $49,635 reported compensation |
| Rehmann Robson | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007105203NAL0007980032001, received 2025-10-07, EIN 38-2236295, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.