Comerica Incorporated 401(k) Review & Grade
Comerica Incorporated Preferred Savings Plan
Dallas, TXFinance & Insurance7,837 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,830Employer $ per active participant
$8,267Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$2.0BNet plan assets, end of year
$179,439Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 94th |
| Employee saving | 47th |
| Peers that auto-enroll | 66% |
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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
- Comerica Incorporated put in about $3,830 per active participant, below the typical peer ($4,489). 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 | $30,012,592 |
| Participant (employee) contributions | $64,784,662 |
| Other contributions (incl. rollovers in) | $15,001,879 |
| Administrative expenses paid from the plan | $391,719 |
| Investment advisory & management fees | $209,443 |
| Benefits paid out | $204,346,049 |
| Net assets, start / end of year | $1.8B / $2.0B |
| Active participants, start / end of year | 7,789 / 7,885 |
| Participants with account balances | 10,994 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst Young LLP |
| Employer stock held by plan | $70,800,400 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $209,443 reported compensation |
| Fidelity Investments Institutional | $182,248 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007172515NAL0005117393001, received 2025-10-07, EIN 38-1998421, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.