Genisys Credit Union 401(k) Review & Grade
Genisys Credit Union 401(k) Plan
Auburn Hills, MIFinance & Insurance534 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,790Employer $ per active participant
$4,342Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$71.6MNet plan assets, end of year
$110,741Average balance per account
Score breakdown
- Employer generosity26.3 / 5053th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 59th |
| Employee saving | 16th |
| Peers that auto-enroll | 62% |
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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
- Genisys Credit Union put in about $3,790 per active participant, more than the typical peer ($3,606). 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.
- 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 | $2,021,859 |
| Participant (employee) contributions | $2,316,454 |
| Other contributions (incl. rollovers in) | $95,095 |
| Administrative expenses paid from the plan | $115,548 |
| Investment advisory & management fees | $8,874 |
| Other admin expenses | $40,000 |
| Benefits paid out | $2,878,750 |
| Net assets, start / end of year | $61.6M / $71.6M |
| Active participants, start / end of year | 508 / 559 |
| Participants with account balances | 647 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $66,674 reported compensation |
| One Digital Investment Advisors LL | $40,000 reported compensation |
| Strategic Advisors, Inc. | $8,874 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250605132003NAL0020221584001, received 2025-06-05, EIN 38-1445060, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.