CPS Solutions, LLC 401(k) Review & Grade
CPS Solutions, LLC 401(k) Plan
Minnetonka, MNProfessional, Scientific & Technical Services2,688 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,670Employer $ per active participant
$6,755Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$292.4MNet plan assets, end of year
$114,925Average balance per account
Score breakdown
- Employer generosity23.3 / 5047th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 51th |
| Employee saving | 36th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,027 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CPS Solutions put in about $2,670 per active participant, below the typical peer ($2,951). 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.
- 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 | $7,175,971 |
| Participant (employee) contributions | $18,157,927 |
| Other contributions (incl. rollovers in) | $4,400,792 |
| Administrative expenses paid from the plan | $325,520 |
| Investment advisory & management fees | $48,000 |
| Other admin expenses | $23,000 |
| Benefits paid out | $34,981,370 |
| Net assets, start / end of year | $257.9M / $292.4M |
| Active participants, start / end of year | 2,738 / 2,638 |
| Participants with account balances | 2,544 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $236,625 reported compensation |
| Everhart Financial Group, Inc. | $48,000 reported compensation |
| Baker Tilly, US LLP | $23,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821165358NAL0002174995001, received 2025-08-21, EIN 95-3810548, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.