Grace Management, Inc. 401(k) Review & Grade
Grace Management 401(k) Plan
Maple Grove, MNReal Estate & Rental2,717 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$37Employer $ per active participant
$973Employee $ saved per active participant
0.98%Direct admin cost, % of plan assets
$10.5MNet plan assets, end of year
$4,032Average balance per account
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 5th |
| Employee saving | 16th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,005 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Grace Management put in about $37 per active participant, below the typical peer ($1,141). 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 (0.98% 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.
- 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 | $99,468 |
| Participant (employee) contributions | $2,642,746 |
| Other contributions (incl. rollovers in) | $299,351 |
| Administrative expenses paid from the plan | $88,200 |
| Contract administrator fees | $77,842 |
| Investment advisory & management fees | $10,358 |
| Benefits paid out | $1,032,913 |
| Net assets, start / end of year | $7.6M / $10.5M |
| Active participants, start / end of year | 3,610 / 1,824 |
| Participants with account balances | 2,597 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boulay |
Largest service providers (Schedule C)
| Stancorp Financial Group | $119,954 reported compensation |
| NFP Retirement, Inc. | $10,357 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251231074341NAL0019757425001, received 2025-12-31, EIN 76-0117314, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.