PVS 401(k) Review & Grade
PVS Chemicals, Inc. 401(k) Profit Sharing Plan
Detroit, MIManufacturing1,106 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,755Employer $ per active participant
$5,963Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$158.0MNet plan assets, end of year
$121,258Average balance per account
Score breakdown
- Employer generosity36.0 / 5072th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 98th |
| Employee saving | 63th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $106,025 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PVS put in about $3,755 per active participant, more than the typical peer ($2,320). 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 | $4,154,654 |
| Participant (employee) contributions | $6,597,994 |
| Other contributions (incl. rollovers in) | $620,506 |
| Administrative expenses paid from the plan | $12,922 |
| Investment advisory & management fees | $106,734 |
| Benefits paid out | $12,630,049 |
| Net assets, start / end of year | $117.1M / $158.0M |
| Active participants, start / end of year | 916 / 1,297 |
| Participants with account balances | 1,303 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Schwartz & Co | $87,101 reported compensation |
| Fidelity Investments Institutional | −$93,812 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120140NAL0006010512001, received 2025-10-15, EIN 38-1226669, plan #012, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.