Lindstrom, LLC 401(k) Review & Grade
Lindfast Solutions Group 401(k) Plan
Blaine, MNWholesale Trade900 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,524Employer $ per active participant
$3,057Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$51.8MNet plan assets, end of year
$62,892Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 33th |
| Employee saving | 23th |
| Peers that auto-enroll | 53% |
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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
- Lindstrom put in about $1,524 per active participant, below the typical peer ($1,792). 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 (0.37% 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 | $1,371,992 |
| Participant (employee) contributions | $2,751,202 |
| Other contributions (incl. rollovers in) | $92,581 |
| Administrative expenses paid from the plan | $188,177 |
| Contract administrator fees | $188,177 |
| Benefits paid out | $7,391,740 |
| Net assets, start / end of year | $49.4M / $51.8M |
| Active participants, start / end of year | 861 / 939 |
| Participants with account balances | 824 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | BGM CPA, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $188,177 reported compensation |
| Resources Investment Advisors | $88,737 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150039NAL0001474369001, received 2025-10-13, EIN 20-4445013, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.