Dematic Corp. 401(k) Review & Grade
Dematic Corp. 401(k) Retirement Plan
Grand Rapids, MIManufacturing4,124 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,405Employer $ per active participant
$10,353Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$843.7MNet plan assets, end of year
$166,535Average balance per account
Score breakdown
- Employer generosity39.8 / 5080th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 63th |
| Employee saving | 82th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $98,079 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dematic put in about $6,405 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $26,417,798 |
| Participant (employee) contributions | $42,702,186 |
| Other contributions (incl. rollovers in) | $4,546,861 |
| Administrative expenses paid from the plan | $656,765 |
| Contract administrator fees | $552,865 |
| Investment advisory & management fees | $80,000 |
| Benefits paid out | $78,154,461 |
| Net assets, start / end of year | $747.3M / $843.7M |
| Active participants, start / end of year | 4,273 / 3,976 |
| Participants with account balances | 5,066 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ehtc |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $547,487 reported compensation |
| Stifel Pearlstreet Investment Manag | $80,000 reported compensation |
| Echelbarger, Himebaugh, Tamm & Co. | $23,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015094259NAL0005694080001, received 2025-10-15, EIN 04-3834872, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.