Allstar Holdings, LLC 401(k) Review & Grade
Allstar Services 401(k) Plan
Eden Prairie, MNConstruction950 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,323Employer $ per active participant
$3,964Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$21.4MNet plan assets, end of year
$24,438Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 11th |
| Employee saving | 50th |
| Peers that auto-enroll | 44% |
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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
- Allstar Holdings put in about $2,323 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.75% 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 | $2,208,230 |
| Participant (employee) contributions | $3,767,751 |
| Other contributions (incl. rollovers in) | $1,634,538 |
| Administrative expenses paid from the plan | $141,839 |
| Contract administrator fees | $19,239 |
| Investment advisory & management fees | $41,648 |
| Other admin expenses | $15,732 |
| Benefits paid out | $4,833,179 |
| Net assets, start / end of year | $16.4M / $21.4M |
| Active participants, start / end of year | 680 / 1,221 |
| Participants with account balances | 875 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $65,220 reported compensation |
| Creative Planning Holdco LLC DBA CR | $36,778 reported compensation |
| TSC 401k | $30,230 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016122918NAL0003186179001, received 2025-10-16, EIN 83-2752570, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.