The Romine Group 401(k) Review & Grade
The Romine Group, Inc. 401(k) Plan
Utica, MIEducational Services1,202 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,694Employer $ per active participant
$1,549Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$39.4MNet plan assets, end of year
$24,999Average balance per account
Score breakdown
- Employer generosity32.2 / 5064th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 75th |
| Employee saving | 20th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Romine Group put in about $1,694 per active participant, more than the typical peer ($1,225). 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.
- 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 | $2,037,562 |
| Participant (employee) contributions | $1,862,474 |
| Other contributions (incl. rollovers in) | $62,563 |
| Administrative expenses paid from the plan | $34,551 |
| Benefits paid out | $2,071,941 |
| Net assets, start / end of year | $33.7M / $39.4M |
| Active participants, start / end of year | 1,169 / 1,236 |
| Participants with account balances | 1,576 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Benda Grace Stulz & Company, PC |
Largest service providers (Schedule C)
| Voya Retirement Advisors | $19,313 reported compensation |
| Morningstar Investment Adviser Mngm | $5,207 reported compensation |
| Barclay Planning Group | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415154510NAL0017176337002, received 2026-04-15, EIN 32-0015643, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.