Forefront Management, LLC 401(k) Review & Grade
Forefront Dermatology 401(k) Plan
Manitowoc, WIHealth Care & Social Assistance3,239 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,148Employer $ per active participant
$4,225Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$217.2MNet plan assets, end of year
$50,760Average balance per account
Score breakdown
- Employer generosity46.3 / 5093th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 15th |
| Employee saving | 64th |
| Peers that auto-enroll | 38% |
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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
- Forefront Management put in about $5,148 per active participant, more than the typical peer ($800). 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 (0.43% of assets) are well above similar-size plans (0.12%). 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 | $16,675,471 |
| Participant (employee) contributions | $13,686,204 |
| Other contributions (incl. rollovers in) | $5,547,053 |
| Administrative expenses paid from the plan | $847,511 |
| Contract administrator fees | $226,029 |
| Investment advisory & management fees | $184,392 |
| Benefits paid out | $17,297,800 |
| Net assets, start / end of year | $175.1M / $217.2M |
| Active participants, start / end of year | 3,117 / 3,361 |
| Participants with account balances | 4,279 |
| Auto-enrollment (feature code 2S) | Not reported |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $386,076 reported compensation |
| Blue Chip Retirement Plans, Inc. | $199,649 reported compensation |
| Morgan Stanley | $99,332 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014062418NAL0003303408001, received 2025-10-14, EIN 46-5418348, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.