Grand Living Management LLC 401(k) Review & Grade
Grand Living Management 401(k) and Profit Sharing Plan.
Minneapolis, MNReal Estate & Rental1,074 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$546Employer $ per active participant
$1,069Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$7.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 14th |
| Employee saving | 10th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($171,234 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Grand Living Management put in about $546 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.67% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $586,192 |
| Participant (employee) contributions | $1,148,904 |
| Other contributions (incl. rollovers in) | $324,625 |
| Administrative expenses paid from the plan | $43,957 |
| Investment advisory & management fees | $22,163 |
| Benefits paid out | $1,394,221 |
| Net assets, start / end of year | $5.7M / $7.3M |
| Active participants, start / end of year | 870 / 1,279 |
| Participants with account balances | 349 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BGM CPA LLC |
Largest service providers (Schedule C)
| RBC | $22,163 reported compensation |
| Adp, Inc. | $21,794 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260909150047NAL0003691041001, received 2026-09-09, EIN 61-1745708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.