Bolton & Menk, Inc. 401(k) Review & Grade
Bolton & Menk, Inc. 401(k) Plan
Mankato, MNProfessional, Scientific & Technical Services1,018 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,811Employer $ per active participant
$9,872Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$155.3MNet plan assets, end of year
$133,415Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 69th |
| Employee saving | 58th |
| Peers that auto-enroll | 48% |
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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
- Bolton & Menk put in about $3,811 per active participant, more than the typical peer ($3,082). 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 | $3,879,780 |
| Participant (employee) contributions | $10,049,963 |
| Other contributions (incl. rollovers in) | $2,545,910 |
| Administrative expenses paid from the plan | $173,402 |
| Contract administrator fees | $173,402 |
| Benefits paid out | $9,047,235 |
| Net assets, start / end of year | $130.6M / $155.3M |
| Active participants, start / end of year | 947 / 1,089 |
| Participants with account balances | 1,164 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $173,402 reported compensation |
| Global Retirement Partners LLC | $28,400 reported compensation |
| Wellth Advisory Services, LLC | $21,594 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250713194310NAL0000508513001, received 2025-07-13, EIN 41-0832249, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.