Sunvera Group, LLC 401(k) Review & Grade
Sunvera Group, LLC 401(k) Savings Plan
Bingham Farms, MIHealth Care & Social Assistance512 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,845Employer $ per active participant
$3,749Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$15.2MNet plan assets, end of year
$42,819Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 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 | 68th |
| Lower admin cost | 39th |
| Employee saving | 65th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($6,229 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Sunvera Group put in about $1,845 per active participant, more than the typical peer ($976). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $945,772 |
| Participant (employee) contributions | $1,921,422 |
| Other contributions (incl. rollovers in) | $401,408 |
| Administrative expenses paid from the plan | $42,676 |
| Contract administrator fees | $9,607 |
| Investment advisory & management fees | $13,228 |
| Other admin expenses | $19,841 |
| Benefits paid out | $1,628,333 |
| Net assets, start / end of year | $12.2M / $15.2M |
| Active participants, start / end of year | 518 / 507 |
| Participants with account balances | 356 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $33,088 reported compensation |
| Principal Life Insurance Company | $9,607 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155236NAL0006826864001, received 2025-10-15, EIN 83-0665141, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.