The Mennonite Home 401(k) Review & Grade
Tandem Living Savings and Retirement Plan
Lancaster, PAHealth Care & Social Assistance551 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,789Employer $ per active participant
$1,910Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$24.5MNet plan assets, end of year
$56,584Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost9.6 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 39th |
| Employee saving | 40th |
| 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
- Mennonite Home put in about $1,789 per active participant, more than the typical peer ($976). 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.
- 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 | $985,863 |
| Participant (employee) contributions | $1,052,285 |
| Other contributions (incl. rollovers in) | $1,082,223 |
| Administrative expenses paid from the plan | $70,704 |
| Contract administrator fees | $70,704 |
| Benefits paid out | $1,322,792 |
| Net assets, start / end of year | $20.0M / $24.5M |
| Active participants, start / end of year | 538 / 564 |
| Participants with account balances | 433 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| LPL Financial Rpcp | $41,972 reported compensation |
| Ascensus LLC | $33,661 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260130091427NAL0004268291001, received 2026-01-30, EIN 23-1413689, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.