Dte Energy Corporate Services, LLC 401(k) Review & Grade
Dte Electric Company Savings & Stock Ownership Plan for Employees Represented by Local 17 of Ibew
Detroit, MIUtilities586 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,732Employer $ per active participant
$21,811Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$229.0MNet plan assets, end of year
$351,170Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 81th |
| Employee saving | 100th |
| Peers that auto-enroll | 76% |
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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
- Dte Energy Corporate Services put in about $5,732 per active participant, below the typical peer ($6,264). 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 | $3,358,936 |
| Participant (employee) contributions | $12,781,512 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $153,525 |
| Investment advisory & management fees | $150,022 |
| Benefits paid out | $15,848,011 |
| Net assets, start / end of year | $199.1M / $229.0M |
| Active participants, start / end of year | 591 / 581 |
| Participants with account balances | 652 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | GJC Cpas & Advisors |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $134,650 reported compensation |
| Blackrock Institutional Trust Co | $5,393 reported compensation |
| Jpmorgan Chase Bank, NA | $3,693 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003070745NAL0001892240001, received 2025-10-03, EIN 20-5898509, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.