Sundance, Inc. 401(k) Review & Grade
Team Lyders Retirement Plan
Brighton, MIAccommodation & Food Services2,248 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$205Employer $ per active participant
$389Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$7.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score29 / 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 | 42th |
| Lower admin cost | 16th |
| Employee saving | 24th |
| 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
- Sundance put in about $205 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 (0.63% 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 | $461,232 |
| Participant (employee) contributions | $875,410 |
| Other contributions (incl. rollovers in) | $242,748 |
| Administrative expenses paid from the plan | $38,849 |
| Investment advisory & management fees | $27,392 |
| Benefits paid out | $468,831 |
| Net assets, start / end of year | $5.2M / $7.2M |
| Active participants, start / end of year | 2,477 / 2,020 |
| Participants with account balances | 212 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fenner, Melstrom & Dooling PLC |
Largest service providers (Schedule C)
| Rehmann Capital Advisory Group | $27,392 reported compensation |
| Rehmann Financial Group | $11,457 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010111348NAL0017753426001, received 2025-10-10, EIN 38-3284710, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.