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Grade My 401(k)
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1 issue

Andersen Corporation

41-0123208· Bayport, MN· Charles Schwab· 2025 filing· vs 5 plans your size
B
0/100
Overall grade

Solid plan with a few things to improve.

C
Fees
C
Financial Wellness
A
Plan design
B
Compliance
Fees

Your plan pays around 12 bps of assets per year. Similar plans pay around 10 bps. Your plan is about average for plans this size.

C
cheaper57th percentilepricier
Financial Wellness

Middle-of-the-pack savings. Employees put away $5,536/employee a year. That's about average for plans this size.

C
lower58th percentilehigher
Plan design

Covers the basics. A few high-impact features are missing.

A
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Safe harbor not reported
The filing does not establish whether this plan uses a safe harbor design, so it does not affect the grade.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health

1 item to review, nothing critical.

B
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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Charles Schwab

No provider notes available.

Key insights

  • Strongest area: plan design. Covers the basics. A few high-impact features are missing.
  • Best place to improve: fees. Your plan pays around 12 bps of assets per year. Similar plans pay around 10 bps. Your plan is about average for plans this size.
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