Cygnus Home Service, LLC 401(k) Review & Grade
Cygnus Home Service Retirement Savings Plan
Marshall, MNProfessional, Scientific & Technical Services894 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,089Employer $ per active participant
$3,040Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$82.6MNet plan assets, end of year
$48,164Average balance per account
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost11.6 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 47th |
| Employee saving | 15th |
| Peers that auto-enroll | 48% |
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
Corrective distributions: the plan refunded $1,540 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cygnus Home Service put in about $1,089 per active participant, below the typical peer ($3,082). 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.
- 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 | $973,471 |
| Participant (employee) contributions | $2,717,528 |
| Other contributions (incl. rollovers in) | $47,830 |
| Administrative expenses paid from the plan | $268,892 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $154,063 |
| Benefits paid out | $62,195,026 |
| Net assets, start / end of year | $128.0M / $82.6M |
| Active participants, start / end of year | 1,636 / 152 |
| Participants with account balances | 1,716 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $109,063 reported compensation |
| Fidelity Investments Institutional | $97,504 reported compensation |
| Securities America Inc | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250722110428NAL0001268931001, received 2025-07-22, EIN 41-0879087, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.