Short-Elliott-Hendrickson, Inc. 401(k) Review & Grade
Short-Elliott-Hendrickson, Inc. Profit Sharing and 401(k) Plan
ST Paul, MNProfessional, Scientific & Technical Services937 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,467Employer $ per active participant
$11,477Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$216.9MNet plan assets, end of year
$181,948Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 100th |
| Employee saving | 70th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $150 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Short-Elliott-Hendrickson put in about $1,467 per active participant, below the typical peer ($3,082). 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 | $1,374,832 |
| Participant (employee) contributions | $10,754,114 |
| Other contributions (incl. rollovers in) | $1,745,235 |
| Administrative expenses paid from the plan | $2,087 |
| Investment advisory & management fees | $88,343 |
| Benefits paid out | $23,037,247 |
| Net assets, start / end of year | $196.2M / $216.9M |
| Active participants, start / end of year | 945 / 929 |
| Participants with account balances | 1,192 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boulay Pllp |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $56,843 reported compensation |
| Intellicents Invest Solutions Inc | $31,500 reported compensation |
| Fidelity Investments Institutional | −$86,211 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260402132258NAL0001180995001, received 2026-04-02, EIN 41-1251208, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.