Ewie Group of Companies, LLC 401(k) Review & Grade
Ewie Group of Companies 401(k) Plan
Ann Arbor, MIWholesale Trade511 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,047Employer $ per active participant
$3,290Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$27.6MNet plan assets, end of year
$62,404Average balance per account
Score breakdown
- Employer generosity12.8 / 5026th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 29th |
| Employee saving | 28th |
| Peers that auto-enroll | 53% |
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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 ($77,010 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Ewie Group of Companies put in about $1,047 per active participant, below the typical peer ($1,792). 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 (0.41% 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 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 | $535,195 |
| Participant (employee) contributions | $1,681,338 |
| Other contributions (incl. rollovers in) | $11,167 |
| Administrative expenses paid from the plan | $107,865 |
| Contract administrator fees | $2,116 |
| Investment advisory & management fees | $22,373 |
| Other admin expenses | $26,860 |
| Benefits paid out | $2,484,057 |
| Net assets, start / end of year | $24.5M / $27.6M |
| Active participants, start / end of year | 527 / 495 |
| Participants with account balances | 443 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Summit Financial LLC | $38,151 reported compensation |
| Fidelity Workplace Services LLC | $36,083 reported compensation |
| Uhy LLP | $22,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929081612NAL0026212770001, received 2025-09-29, EIN 83-3043953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.