Anne Carlsen Center 401(k) Review & Grade
Anne Carlsen Center 401(k) Plan
Jamestown, NDHealth Care & Social Assistance512 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,525Employer $ per active participant
$2,732Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$26.6MNet plan assets, end of year
$67,242Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 35th |
| Employee saving | 53th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Anne Carlsen Center put in about $1,525 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). 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 | $780,604 |
| Participant (employee) contributions | $1,398,802 |
| Other contributions (incl. rollovers in) | $82,996 |
| Administrative expenses paid from the plan | $86,897 |
| Investment advisory & management fees | $78,108 |
| Benefits paid out | $1,776,746 |
| Net assets, start / end of year | $23.1M / $26.6M |
| Active participants, start / end of year | 502 / 522 |
| Participants with account balances | 395 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brady, Martz & Associates P.C., |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $86,897 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103809NAL0005982704001, received 2025-10-15, EIN 87-0694180, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.