Patterson Companies, Inc. 401(k) Review & Grade
Patterson Companies, Inc. 401(k) Plan
Saint Paul, MNManagement of Companies6,162 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,325Employer $ per active participant
$7,903Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$999.1MNet plan assets, end of year
$106,543Average balance per account
Score breakdown
- Employer generosity22.9 / 5046th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 92th |
| Employee saving | 66th |
| Peers that auto-enroll | 58% |
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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 ($3,433 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
- Patterson Companies put in about $3,325 per active participant, below the typical peer ($3,455). 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.
- 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 | $20,490,718 |
| Participant (employee) contributions | $48,703,432 |
| Other contributions (incl. rollovers in) | $3,930,812 |
| Administrative expenses paid from the plan | $254,025 |
| Contract administrator fees | $4,200 |
| Benefits paid out | $108,630,241 |
| Net assets, start / end of year | $928.4M / $999.1M |
| Active participants, start / end of year | 6,331 / 5,994 |
| Participants with account balances | 9,377 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst and Young LLP |
| Employer stock held by plan | $209,842,822 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $255,394 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010150903NAL0007919281001, received 2025-10-10, EIN 41-0886515, plan #045, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.