H.W. Kaufman Financial Group 401(k) Review & Grade
H. W. Kaufman Financial Group Retirement Savings Plan
Farmington Hills, MIFinance & Insurance1,459 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,705Employer $ per active participant
$8,591Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$155.5MNet plan assets, end of year
$84,813Average balance per account
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 45th |
| Employee saving | 67th |
| 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
- H.W. Kaufman Financial Group put in about $2,705 per active participant, below the typical peer ($3,606). 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.
- 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 | $3,947,032 |
| Participant (employee) contributions | $12,533,672 |
| Other contributions (incl. rollovers in) | $1,406,950 |
| Administrative expenses paid from the plan | $385,684 |
| Contract administrator fees | $385,684 |
| Benefits paid out | $16,730,095 |
| Net assets, start / end of year | $136.5M / $155.5M |
| Active participants, start / end of year | 1,478 / 1,440 |
| Participants with account balances | 1,833 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Derderian, Kann, Seyferth & Salucci |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $21,035 reported compensation |
| Michael,mark,cicchella | $4,048 reported compensation |
| Mesirow Financial Investment Manage | $1,878 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008123154NAL0005549745001, received 2025-10-08, EIN 38-1903339, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.