Emp Serv, LLC 401(k) Review & Grade
Emp Serv, LLC 401(k) Profit Sharing Plan
Pipestone, MNProfessional, Scientific & Technical Services1,200 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,267Employer $ per active participant
$4,396Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$72.4MNet plan assets, end of year
$48,710Average balance per account
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 39th |
| Employee saving | 23th |
| Peers that auto-enroll | 48% |
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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
- Emp Serv put in about $3,267 per active participant, more than the typical peer ($3,082). 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 | $3,919,167 |
| Participant (employee) contributions | $5,272,962 |
| Other contributions (incl. rollovers in) | $229,458 |
| Administrative expenses paid from the plan | $207,600 |
| Contract administrator fees | $207,600 |
| Benefits paid out | $5,010,314 |
| Net assets, start / end of year | $60.6M / $72.4M |
| Active participants, start / end of year | 1,116 / 1,283 |
| Participants with account balances | 1,486 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $213,119 reported compensation |
| Visionpoint Advisory Group | $81,283 reported compensation |
| Eide Bailly LLP | $15,068 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905084953NAL0028613840001, received 2025-09-05, EIN 41-1893115, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.