Edw. C. Levy Co. 401(k) Review & Grade
Edw. C. Levy Co. Capital Accumulation Plan
Dearborn, MIManufacturing1,380 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,538Employer $ per active participant
$7,321Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$148.6MNet plan assets, end of year
$73,693Average balance per account
Score breakdown
- Employer generosity39.7 / 5079th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th 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 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 69th |
| Employee saving | 76th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,990 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Edw. C. Levy put in about $4,538 per active participant, more than the typical peer ($2,320). 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 | $6,265,059 |
| Participant (employee) contributions | $10,106,312 |
| Other contributions (incl. rollovers in) | $1,753,241 |
| Administrative expenses paid from the plan | $167,336 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $25,780 |
| Benefits paid out | $12,685,387 |
| Net assets, start / end of year | $125.1M / $148.6M |
| Active participants, start / end of year | 1,334 / 1,427 |
| Participants with account balances | 2,016 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $141,556 reported compensation |
| Strategic Advisors, Inc. | $25,780 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903085043NAL0031327506001, received 2025-09-03, EIN 38-1253012, plan #335, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.