The Churchill Companies 401(k) Review & Grade
The Churchill Companies Retirement Savings Plan
Minneapolis, MNManagement of Companies1,064 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,729Employer $ per active participant
$8,938Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$216.8MNet plan assets, end of year
$149,707Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost21.1 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 84th |
| Employee saving | 74th |
| Peers that auto-enroll | 58% |
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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
- Churchill Companies put in about $2,729 per active participant, more than the typical peer ($2,492). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 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 | $2,902,123 |
| Participant (employee) contributions | $9,505,943 |
| Other contributions (incl. rollovers in) | $1,816,811 |
| Administrative expenses paid from the plan | $123,889 |
| Investment advisory & management fees | $1,795 |
| Benefits paid out | $18,762,403 |
| Net assets, start / end of year | $193.4M / $216.8M |
| Active participants, start / end of year | 1,082 / 1,045 |
| Participants with account balances | 1,448 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Metz CPA, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $89,367 reported compensation |
| Empower Advisory Group, LLC | $1,765 reported compensation |
| Empower Financial Services, Inc. | $30 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820143720NAL0001655539001, received 2025-08-20, EIN 41-1494519, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.