Flynn America LP 401(k) Review & Grade
Flynn 401(k) Plan
Plymouth, MNConstruction1,284 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,508Employer $ per active participant
$3,217Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$50.9MNet plan assets, end of year
$44,502Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 36th |
| Employee saving | 40th |
| Peers that auto-enroll | 44% |
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
- Flynn America LP put in about $2,508 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.35% 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 | $3,219,218 |
| Participant (employee) contributions | $4,129,043 |
| Other contributions (incl. rollovers in) | $1,064,248 |
| Administrative expenses paid from the plan | $164,784 |
| Contract administrator fees | $159,784 |
| Benefits paid out | $6,850,757 |
| Net assets, start / end of year | $44.4M / $50.9M |
| Active participants, start / end of year | 1,235 / 1,332 |
| Participants with account balances | 1,143 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Olsen & Thielen & Co., LTD |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $159,784 reported compensation |
| Global Retirement Partners LLC | $37,360 reported compensation |
| Olson Theilen | $5,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027133138NAL0009705056001, received 2025-10-27, EIN 41-2228936, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.