CJK Group, Inc. 401(k) Review & Grade
CJK Group 401(k) Retirement Plan
Brainerd, MNInformation2,989 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$806Employer $ per active participant
$4,299Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$256.9MNet plan assets, end of year
$55,876Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 41th |
| Employee saving | 15th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $34,352 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- CJK Group put in about $806 per active participant, below the typical peer ($3,691). 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.
- 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 | $2,407,798 |
| Participant (employee) contributions | $12,849,922 |
| Other contributions (incl. rollovers in) | $25,643,240 |
| Administrative expenses paid from the plan | $358,106 |
| Other admin expenses | $25 |
| Benefits paid out | $28,782,966 |
| Net assets, start / end of year | $180.4M / $256.9M |
| Active participants, start / end of year | 2,536 / 3,442 |
| Participants with account balances | 4,598 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $338,656 reported compensation |
| RSM US LLP | $19,425 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143410NAL0001552115001, received 2025-10-14, EIN 82-0681886, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.