The Goodman Group, Inc. 401(k) Review & Grade
The Goodman Group, Its Members & Affil. Retirement Savings Plan
Chaska, MNManagement of Companies3,636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$648Employer $ per active participant
$1,746Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$79.5MNet plan assets, end of year
$39,964Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 25th |
| Employee saving | 7th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $318 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Goodman Group put in about $648 per active participant, below the typical peer ($3,455). 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 (0.28% 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 | $2,354,742 |
| Participant (employee) contributions | $6,348,080 |
| Other contributions (incl. rollovers in) | $931,590 |
| Administrative expenses paid from the plan | $207,662 |
| Investment advisory & management fees | $51,693 |
| Benefits paid out | $9,392,947 |
| Net assets, start / end of year | $69.9M / $79.5M |
| Active participants, start / end of year | 3,621 / 3,652 |
| Participants with account balances | 1,989 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boyum Barenscheer |
Largest service providers (Schedule C)
| Adp, Inc. | $155,969 reported compensation |
| 401k Advisors Inc | $51,693 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006050804NAL0001859987001, received 2025-10-06, EIN 41-1914496, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.