Modern Woodmen of America 401(k) Review & Grade
Modern Woodmen of America Employees' Savings Plan
Rock Island, ILFinance & Insurance1,158 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,533Employer $ per active participant
$8,245Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$250.5MNet plan assets, end of year
$136,825Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 99th |
| Employee saving | 63th |
| Peers that auto-enroll | 62% |
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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
- Modern Woodmen of America put in about $2,533 per active participant, below the typical peer ($3,606). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,934,539 |
| Participant (employee) contributions | $9,552,079 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $14,195 |
| Contract administrator fees | $12,325 |
| Investment advisory & management fees | $1,870 |
| Benefits paid out | $26,129,347 |
| Net assets, start / end of year | $234.3M / $250.5M |
| Active participants, start / end of year | 1,111 / 1,206 |
| Participants with account balances | 1,831 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Vanguard Group Inc. | $12,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813122338NAL0025500386001, received 2025-08-13, EIN 36-1493430, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.