Efg Management Co. Inc. 401(k) Review & Grade
Epic Fitness Group Retirement Plan
Northville, MIArts, Entertainment & Recreation515 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$747Employer $ per active participant
$952Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$3.9MNet plan assets, end of year
$15,139Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 23th |
| Employee saving | 20th |
| Peers that auto-enroll | 38% |
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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
- Efg Management Co. put in about $747 per active participant, below the typical peer ($995). 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 (0.50% 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 | $384,844 |
| Participant (employee) contributions | $490,483 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $17,137 |
| Investment advisory & management fees | $8,480 |
| Benefits paid out | $327,480 |
| Net assets, start / end of year | $2.9M / $3.9M |
| Active participants, start / end of year | 542 / 488 |
| Participants with account balances | 259 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $8,657 reported compensation |
| Iron Financial | $8,480 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925145204NAL0012340002001, received 2025-09-25, EIN 47-1429476, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.