Champion Home Builders, Inc. 401(k) Review & Grade
Champion Home Builders, Inc. 401(k) Savings Plan
Troy, MIManufacturing7,356 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$956Employer $ per active participant
$2,802Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$164.1MNet plan assets, end of year
$23,009Average balance per account
Score breakdown
- Employer generosity5.4 / 5011th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 24th |
| Employee saving | 14th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $513,960 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Champion Home Builders put in about $956 per active participant, below the typical peer ($3,452). 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 (0.29% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $7,031,275 |
| Participant (employee) contributions | $20,611,827 |
| Other contributions (incl. rollovers in) | $2,578,515 |
| Administrative expenses paid from the plan | $436,038 |
| Investment advisory & management fees | $55,758 |
| Benefits paid out | $19,294,758 |
| Net assets, start / end of year | $134.4M / $164.1M |
| Active participants, start / end of year | 6,067 / 8,644 |
| Participants with account balances | 7,133 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $380,280 reported compensation |
| Strategic Advisors, Inc. | $55,758 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930141153NAL0005534707001, received 2025-09-30, EIN 80-0556501, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.