Goodwill - Easter Seals Minnesota 401(k) Review & Grade
Goodwill - Easter Seals MN 401(k) Plan
ST Paul, MNHealth Care & Social Assistance1,220 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,010Employer $ per active participant
$2,476Employee $ saved per active participant
0.91%Direct admin cost, % of plan assets
$41.4MNet plan assets, end of year
$20,562Average balance per account
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 8th |
| Employee saving | 49th |
| Peers that auto-enroll | 36% |
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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
- Goodwill - Easter Seals Minnesota put in about $1,010 per active participant, more than the typical peer ($976). 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 (0.91% 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.
- 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 | $1,231,385 |
| Participant (employee) contributions | $3,019,727 |
| Other contributions (incl. rollovers in) | $343,242 |
| Administrative expenses paid from the plan | $353,649 |
| Investment advisory & management fees | $132,232 |
| Benefits paid out | $3,837,829 |
| Net assets, start / end of year | $36.4M / $41.4M |
| Active participants, start / end of year | 1,342 / 1,097 |
| Participants with account balances | 2,014 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $221,417 reported compensation |
| Empower Advisory Group, LLC | $67,232 reported compensation |
| Wealth Advisory Services LLC | $65,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260625111741NAL0007156259001, received 2026-06-25, EIN 41-0706171, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.