Atwell, LLC 401(k) Review & Grade
Atwell, LLC Savings and Profit Sharing Plan
Southfield, MIProfessional, Scientific & Technical Services1,302 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,466Employer $ per active participant
$7,705Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$110.0MNet plan assets, end of year
$66,354Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 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 | 51th |
| Employee saving | 40th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,236 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Atwell put in about $2,466 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 | $3,209,816 |
| Participant (employee) contributions | $10,027,963 |
| Other contributions (incl. rollovers in) | $3,675,460 |
| Administrative expenses paid from the plan | $210,217 |
| Investment advisory & management fees | $88,116 |
| Benefits paid out | $10,176,185 |
| Net assets, start / end of year | $78.6M / $110.0M |
| Active participants, start / end of year | 1,246 / 1,357 |
| Participants with account balances | 1,658 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $152,049 reported compensation |
| NFP Retirement Inc | $58,068 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251105091919NAL0021151714001, received 2025-11-05, EIN 27-1219822, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.