Gemini, Incorporated 401(k) Review & Grade
Gemini, Incorporated Profit Sharing Plan
Cannon Falls, MNManufacturing844 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,345Employer $ per active participant
$5,019Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$105.8MNet plan assets, end of year
$97,807Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 59th |
| Employee saving | 52th |
| Peers that auto-enroll | 59% |
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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
- Gemini, Incorporated put in about $2,345 per active participant, more than the typical peer ($2,320). 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.
- 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 | $1,980,506 |
| Participant (employee) contributions | $4,238,952 |
| Other contributions (incl. rollovers in) | $280,160 |
| Administrative expenses paid from the plan | $176,593 |
| Investment advisory & management fees | $47,003 |
| Benefits paid out | $13,340,814 |
| Net assets, start / end of year | $101.3M / $105.8M |
| Active participants, start / end of year | 856 / 833 |
| Participants with account balances | 1,082 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harrington Langer & Associates |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $129,990 reported compensation |
| Perceptive Edge Investment Mgmt Inc | $30,000 reported compensation |
| Clay Alveshere, CPA | $9,603 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414082453NAL0021647923001, received 2026-04-14, EIN 41-0854683, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.