Father Flanagan's Boys' Home 401(k) Review & Grade
Retirement Savings Plan of Father Flanagan's Boys' Home
Boys Town, NEEducational Services3,264 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,729Employer $ per active participant
$4,864Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$383.5MNet plan assets, end of year
$82,941Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 47th |
| Employee saving | 76th |
| Peers that auto-enroll | 65% |
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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
- Father Flanagan's Boys' Home put in about $3,729 per active participant, more than the typical peer ($1,155). 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 | $12,172,962 |
| Participant (employee) contributions | $15,879,573 |
| Other contributions (incl. rollovers in) | $1,954,333 |
| Administrative expenses paid from the plan | $479,396 |
| Benefits paid out | $32,692,078 |
| Net assets, start / end of year | $337.4M / $383.5M |
| Active participants, start / end of year | 3,257 / 3,272 |
| Participants with account balances | 4,624 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz and Company, P.C. |
Largest service providers (Schedule C)
| Vanguard Group, Inc. | $479,396 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917165442NAL0000697456001, received 2025-09-17, EIN 47-0376606, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.