Ziegler Inc. 401(k) Review & Grade
Ziegler Inc. Voluntary Retirement Savings Plan
Minneapolis, MNRetail Trade2,612 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,922Employer $ per active participant
$7,101Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$387.1MNet plan assets, end of year
$128,096Average balance per account
Score breakdown
- Employer generosity47.8 / 5096th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score97 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 98th |
| Employee saving | 96th |
| Peers that auto-enroll | 42% |
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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
- Ziegler put in about $3,922 per active participant, more than the typical peer ($650). 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 | $10,243,378 |
| Participant (employee) contributions | $18,547,845 |
| Other contributions (incl. rollovers in) | $1,282,102 |
| Administrative expenses paid from the plan | $32,162 |
| Benefits paid out | $35,968,364 |
| Net assets, start / end of year | $349.3M / $387.1M |
| Active participants, start / end of year | 2,800 / 2,424 |
| Participants with account balances | 3,022 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Empower an Ins Co. of America | $32,162 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910211954NAL0013386723001, received 2025-09-10, EIN 41-0624660, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.