Nystrom & Associates, LTD. 401(k) Review & Grade
Nystrom & Associates, LTD. 401(k) Plan
New Brighton, MNHealth Care & Social Assistance1,766 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$440Employer $ per active participant
$3,672Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$47.9MNet plan assets, end of year
$21,386Average balance per account
Score breakdown
- Employer generosity15.9 / 5032th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 21th |
| Employee saving | 64th |
| 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
- Nystrom & Associates put in about $440 per active participant, below the typical peer ($976). 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 (0.53% 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 | $776,658 |
| Participant (employee) contributions | $6,482,348 |
| Other contributions (incl. rollovers in) | $813,377 |
| Administrative expenses paid from the plan | $230,723 |
| Investment advisory & management fees | $16,056 |
| Benefits paid out | $4,723,963 |
| Net assets, start / end of year | $39.0M / $47.9M |
| Active participants, start / end of year | 1,699 / 1,832 |
| Participants with account balances | 2,241 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ellingson & Ellingson LTD |
Largest service providers (Schedule C)
| Trust Point Inc | $170,127 reported compensation |
| Transamerica Retirement Solutions | $44,540 reported compensation |
| Mma Securities LLC | $16,056 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144149NAL0003049153009, received 2025-10-14, EIN 41-1700376, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.