Employer Solutions Group, LLC 401(k) Review & Grade
Employer Solutions Group Retirement Savings Plan
Edina, MNProfessional, Scientific & Technical Services3,832 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$56Employer $ per active participant
$167Employee $ saved per active participant
0.99%Direct admin cost, % of plan assets
$3.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost1.1 / 255th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 5th |
| Employee saving | 3th |
| Peers that auto-enroll | 47% |
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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
- Employer Solutions Group put in about $56 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.
- Direct plan expenses (0.99% of assets) are well above similar-size plans (0.12%). 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 | $213,480 |
| Participant (employee) contributions | $638,995 |
| Other contributions (incl. rollovers in) | $129,476 |
| Administrative expenses paid from the plan | $24,186 |
| Investment advisory & management fees | $21,811 |
| Benefits paid out | $190,130 |
| Net assets, start / end of year | $1.9M / $3.0M |
| Active participants, start / end of year | 3,629 / 4,034 |
| Participants with account balances | 217 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Olsen Thielen & Co,. LTD |
Largest service providers (Schedule C)
| TCG Group Holdings, LLP | $24,186 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170609NAL0002793235001, received 2025-10-15, EIN 20-2301006, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.