Rock Holdings, Inc. 401(k) Review & Grade
Rock Holdings & Associated Companies Savings Plan
Detroit, MIFinance & Insurance15,620 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,688Employer $ per active participant
$9,187Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$103,623Average balance per account
Score breakdown
- Employer generosity1.4 / 503th percentile for employer $ per participant
- Low cost15.4 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 62th |
| Employee saving | 48th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
Corrective distributions: the plan refunded $1,439 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rock Holdings put in about $1,688 per active participant, below the typical peer ($5,179). 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 | $26,362,802 |
| Participant (employee) contributions | $143,509,907 |
| Other contributions (incl. rollovers in) | $7,450,354 |
| Administrative expenses paid from the plan | $1,351,857 |
| Contract administrator fees | $6,300 |
| Investment advisory & management fees | $520,784 |
| Other admin expenses | $90,000 |
| Benefits paid out | $176,459,388 |
| Net assets, start / end of year | $1.9B / $2.2B |
| Active participants, start / end of year | 15,298 / 15,943 |
| Participants with account balances | 21,497 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $767,947 reported compensation |
| Strategic Advisors, Inc. | $520,784 reported compensation |
| Creative Planning, LLC | $90,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013155957NAL0002379136001, received 2025-10-13, EIN 51-0415135, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.