Dykema Gossett PLLC 401(k) Review & Grade
Dykema Gossett PLLC Savings and Investment Plan
Detroit, MIProfessional, Scientific & Technical Services748 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,679Employer $ per active participant
$11,701Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$345.6MNet plan assets, end of year
$307,476Average balance per account
Score breakdown
- Employer generosity44.0 / 5088th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 87th |
| Employee saving | 72th |
| Peers that auto-enroll | 48% |
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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
- Dykema Gossett PLLC put in about $8,679 per active participant, more than the typical peer ($3,082). 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 | $6,487,510 |
| Participant (employee) contributions | $8,746,545 |
| Other contributions (incl. rollovers in) | $1,127,602 |
| Administrative expenses paid from the plan | $166,177 |
| Other admin expenses | $68,649 |
| Benefits paid out | $35,623,733 |
| Net assets, start / end of year | $314.7M / $345.6M |
| Active participants, start / end of year | 732 / 763 |
| Participants with account balances | 1,124 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Mercer Investment Management, Inc. | $56,114 reported compensation |
| Plante & Moran, PLLC | $14,000 reported compensation |
| October Three Consulting LLC | $12,535 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151545NAL0006533874001, received 2025-10-14, EIN 38-1446628, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.