Redwood Dental Group 401(k) Review & Grade
Redwood Dental Group 401(k) Profit Sharing Plan and Trust
Troy, MIHealth Care & Social Assistance1,252 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$472Employer $ per active participant
$4,158Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$28.4MNet plan assets, end of year
$18,047Average balance per account
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 37th |
| Employee saving | 70th |
| Peers that auto-enroll | 36% |
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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
- Redwood Dental Group put in about $472 per active participant, below the typical peer ($976). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $590,944 |
| Participant (employee) contributions | $5,203,500 |
| Other contributions (incl. rollovers in) | $984,344 |
| Administrative expenses paid from the plan | $81,056 |
| Investment advisory & management fees | $49,319 |
| Benefits paid out | $1,880,413 |
| Net assets, start / end of year | $20.2M / $28.4M |
| Active participants, start / end of year | 1,268 / 1,235 |
| Participants with account balances | 1,573 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Adp, Inc. | $81,054 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170655NAL0002794259001, received 2025-10-15, EIN 38-6173161, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.