Educational Data Systems, Inc. 401(k) Review & Grade
Educational Data Systems, Inc. 401(k) Plan
Dearborn, MIEducational Services722 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$427Employer $ per active participant
$4,120Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$30.4MNet plan assets, end of year
$21,259Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 32th |
| Employee saving | 71th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($4,488,884 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Educational Data Systems put in about $427 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 (0.38% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $308,018 |
| Participant (employee) contributions | $2,972,356 |
| Other contributions (incl. rollovers in) | $74,709 |
| Administrative expenses paid from the plan | $109,293 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $2,926,028 |
| Net assets, start / end of year | $27.3M / $30.4M |
| Active participants, start / end of year | 736 / 707 |
| Participants with account balances | 1,430 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Yeo & Yeo P.C. |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $74,323 reported compensation |
| Resource Investment Advisors, Inc. | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260604064046NAL0000544083001, received 2026-06-04, EIN 38-2272565, plan #001, plan year 2024-08-01 to 2025-07-31. Verify at efast.dol.gov.