Thai Summit America Corporation 401(k) Review & Grade
Thai Summit America Corporation Profit Sharing & 401(k) Plan
Howell, MIManufacturing931 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,061Employer $ per active participant
$3,489Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$56.0MNet plan assets, end of year
$52,656Average balance per account
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 28th |
| Employee saving | 30th |
| Peers that auto-enroll | 59% |
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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
- Thai Summit America put in about $1,061 per active participant, below the typical peer ($2,320). 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 (0.43% 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.
- 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 | $987,785 |
| Participant (employee) contributions | $3,248,209 |
| Other contributions (incl. rollovers in) | $308,425 |
| Administrative expenses paid from the plan | $255,035 |
| Investment advisory & management fees | $67,643 |
| Other admin expenses | $8,280 |
| Benefits paid out | $14,886,373 |
| Net assets, start / end of year | $62.8M / $56.0M |
| Active participants, start / end of year | 983 / 879 |
| Participants with account balances | 1,063 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $165,702 reported compensation |
| Sentinel Pension Advisors | $64,643 reported compensation |
| Fidelity Trust Company | $21,690 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260114132022NAL0006368195001, received 2026-01-14, EIN 38-2617507, plan #001, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.