Divine House, Inc 401(k) Review & Grade
Divine House 401k Plan
Willmar, MNHealth Care & Social Assistance1,662 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$42Employer $ per active participant
$233Employee $ saved per active participant
1.16%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 5th |
| Employee saving | 5th |
| 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
- Divine House put in about $42 per active participant, below the typical peer ($976). 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 (1.16% 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 | $70,081 |
| Participant (employee) contributions | $386,841 |
| Other contributions (incl. rollovers in) | $1,092 |
| Administrative expenses paid from the plan | $46,539 |
| Contract administrator fees | $30,308 |
| Investment advisory & management fees | $16,231 |
| Benefits paid out | $333,130 |
| Net assets, start / end of year | $3.8M / $4.3M |
| Active participants, start / end of year | 1,604 / 1,720 |
| Participants with account balances | 151 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lewis, Kisch & Associates, LTD |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008114219NAL0005492833001, received 2025-10-08, EIN 41-1572326, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.