E.a. Sween Company 401(k) Review & Grade
E.a. Sween Company Employee Retirement Plan
Eden Prairie, MNWholesale Trade898 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,025Employer $ per active participant
$3,998Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$47.9MNet plan assets, end of year
$40,256Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 41th |
| Employee saving | 39th |
| Peers that auto-enroll | 53% |
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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
- E.a. Sween put in about $2,025 per active participant, more than the typical peer ($1,792). 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 | $1,818,211 |
| Participant (employee) contributions | $3,590,581 |
| Other contributions (incl. rollovers in) | $853,824 |
| Administrative expenses paid from the plan | $134,980 |
| Contract administrator fees | $105,285 |
| Investment advisory & management fees | $29,695 |
| Benefits paid out | $6,742,028 |
| Net assets, start / end of year | $43.0M / $47.9M |
| Active participants, start / end of year | 864 / 932 |
| Participants with account balances | 1,189 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $105,285 reported compensation |
| NFP Retirement Inc | $47,836 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814104542NAL0009807825001, received 2025-08-14, EIN 41-0878603, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.