Dominium Management Services, LLC 401(k) Review & Grade
Dominium 401(k) Retirement Savings Plan
Plymouth, MNReal Estate & Rental1,164 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,221Employer $ per active participant
$4,327Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$78.4MNet plan assets, end of year
$55,665Average balance per account
Score breakdown
- Employer generosity24.1 / 5048th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 17th |
| Employee saving | 59th |
| Peers that auto-enroll | 47% |
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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
- Dominium Management Services put in about $1,221 per active participant, below the typical peer ($1,279). 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 (0.61% 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.
- 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 | $1,422,314 |
| Participant (employee) contributions | $5,039,296 |
| Other contributions (incl. rollovers in) | $330,768 |
| Administrative expenses paid from the plan | $450,250 |
| Contract administrator fees | $133,966 |
| Investment advisory & management fees | $61,863 |
| Other admin expenses | $154,871 |
| Benefits paid out | $4,564,051 |
| Net assets, start / end of year | $68.7M / $78.4M |
| Active participants, start / end of year | 1,192 / 1,137 |
| Participants with account balances | 1,409 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $210,716 reported compensation |
| Hays Benefit Group | $61,863 reported compensation |
| Cliftonlarsonallen, LLP | $22,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008152146NAL0005755521001, received 2025-10-08, EIN 26-2778954, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.