Peters Management Group, LLC 401(k) Review & Grade
Peters Management Group, LLC 401(k) Plan
Bay City, MIAccommodation & Food Services752 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$49Employer $ per active participant
$123Employee $ saved per active participant
1.80%Direct admin cost, % of plan assets
$341,181Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost0.4 / 252th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 2th |
| Employee saving | 6th |
| Peers that auto-enroll | 17% |
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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
- Peters Management Group put in about $49 per active participant, below the typical peer ($266). 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 (1.80% 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 | $36,863 |
| Participant (employee) contributions | $92,220 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $6,146 |
| Benefits paid out | $7,545 |
| Net assets, start / end of year | $0 / $341,181 |
| Active participants, start / end of year | 773 / 730 |
| Participants with account balances | 51 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20260122084824NAL0007867984001, received 2026-01-22, EIN 36-4912545, plan #101, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.