Ecumen 401(k) Review & Grade
Ecumen 401(k) Retirement Savings Plan
Shoreview, MNHealth Care & Social Assistance1,638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,788Employer $ per active participant
$2,813Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$69.1MNet plan assets, end of year
$51,515Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 50th |
| Employee saving | 54th |
| Peers that auto-enroll | 36% |
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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
- Ecumen put in about $1,788 per active participant, more than the typical peer ($976). 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 | $2,927,578 |
| Participant (employee) contributions | $4,606,365 |
| Other contributions (incl. rollovers in) | $566,874 |
| Administrative expenses paid from the plan | $151,875 |
| Benefits paid out | $8,047,119 |
| Net assets, start / end of year | $61.5M / $69.1M |
| Active participants, start / end of year | 1,123 / 2,152 |
| Participants with account balances | 1,341 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $151,875 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013085809NAL0002138690001, received 2025-10-13, EIN 41-0711588, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.