The Rasmussen Group, Inc. 401(k) Review & Grade
The Rasmussen Group, Inc. 401(k) Retirement Plan
Des Moines, IAConstruction821 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,396Employer $ per active participant
$4,213Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$46.5MNet plan assets, end of year
$63,726Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 35th |
| Employee saving | 54th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Rasmussen Group put in about $1,396 per active participant, below the typical peer ($1,672). 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 (0.36% 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.
- 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 | $1,145,912 |
| Participant (employee) contributions | $3,459,114 |
| Other contributions (incl. rollovers in) | $5,644,506 |
| Administrative expenses paid from the plan | $148,635 |
| Contract administrator fees | $106,758 |
| Investment advisory & management fees | $41,877 |
| Benefits paid out | $6,089,996 |
| Net assets, start / end of year | $37.2M / $46.5M |
| Active participants, start / end of year | 730 / 912 |
| Participants with account balances | 730 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Martens & Company, CPA, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $106,758 reported compensation |
| Choreo, LLC | $41,891 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013152350NAL0000769299001, received 2025-10-13, EIN 42-1022912, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.