Braun Intertec Corporation 401(k) Review & Grade
Braun Intertec 401(k) Retirement Plan
Minneapolis, MNProfessional, Scientific & Technical Services1,014 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,414Employer $ per active participant
$7,298Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$139.8MNet plan assets, end of year
$102,471Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 68th |
| Employee saving | 37th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,522 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Braun Intertec put in about $1,414 per active participant, below the typical peer ($3,082). 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.
- 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.
- 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 | $1,433,861 |
| Participant (employee) contributions | $7,399,881 |
| Other contributions (incl. rollovers in) | $1,509,856 |
| Administrative expenses paid from the plan | $168,705 |
| Contract administrator fees | $119,448 |
| Investment advisory & management fees | $48,301 |
| Benefits paid out | $13,977,292 |
| Net assets, start / end of year | $123.9M / $139.8M |
| Active participants, start / end of year | 1,016 / 1,012 |
| Participants with account balances | 1,364 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Redpath and Company, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $121,561 reported compensation |
| Valmark Advisers | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915084120NAL0000929681001, received 2025-09-15, EIN 41-1684205, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.