Detroit 90/90 401(k) Review & Grade
Detroit 90/90 Retirement Savings Plan
Detroit, MIEducational Services615 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,124Employer $ per active participant
$1,652Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$14.5MNet plan assets, end of year
$35,189Average balance per account
Score breakdown
- Employer generosity23.1 / 5046th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 18th |
| Employee saving | 24th |
| Peers that auto-enroll | 37% |
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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
- Detroit 90/90 put in about $1,124 per active participant, below the typical peer ($1,225). 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 (0.59% of assets) are well above similar-size plans (0.23%). 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 | $691,544 |
| Participant (employee) contributions | $1,016,177 |
| Other contributions (incl. rollovers in) | $200,300 |
| Administrative expenses paid from the plan | $81,467 |
| Investment advisory & management fees | $45,000 |
| Benefits paid out | $2,146,643 |
| Net assets, start / end of year | $13.1M / $14.5M |
| Active participants, start / end of year | 602 / 628 |
| Participants with account balances | 413 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz |
Largest service providers (Schedule C)
| Capfinancial Partners LLC DBA Captr | $45,000 reported compensation |
| Empower Annuity Insurance Company O | $36,467 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728095030NAL0001810961001, received 2025-07-28, EIN 45-4722161, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.