Delta Dental Plan of Michigan, Inc. 401(k) Review & Grade
Delta Dental Plan of Michigan Employees' 401k Plan
Okemos, MIFinance & Insurance1,190 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$995Employer $ per active participant
$6,171Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$106.3MNet plan assets, end of year
$86,121Average balance per account
Score breakdown
- Employer generosity4.8 / 5010th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 93th |
| Employee saving | 37th |
| Peers that auto-enroll | 62% |
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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
- Delta Dental Plan of Michigan put in about $995 per active participant, below the typical peer ($3,606). 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 | $1,183,129 |
| Participant (employee) contributions | $7,339,876 |
| Other contributions (incl. rollovers in) | $1,021,572 |
| Administrative expenses paid from the plan | $29,369 |
| Benefits paid out | $8,011,058 |
| Net assets, start / end of year | $91.8M / $106.3M |
| Active participants, start / end of year | 1,188 / 1,191 |
| Participants with account balances | 1,234 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Usi Consulting Group | $29,369 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002151201NAL0000415123001, received 2025-10-02, EIN 38-1791480, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.