Dovenmuehle Mortgage, Inc. 401(k) Review & Grade
Dovenmuehle Mortgage, Inc. Savings and Retirement Plan
Lake Zurich, ILFinance & Insurance2,444 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$751Employer $ per active participant
$2,340Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$64.1MNet plan assets, end of year
$38,012Average balance per account
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 92th |
| Employee saving | 5th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $45,058 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dovenmuehle Mortgage put in about $751 per active participant, below the typical peer ($3,606). 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.
- 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 | $1,834,906 |
| Participant (employee) contributions | $5,718,700 |
| Other contributions (incl. rollovers in) | $58,280 |
| Administrative expenses paid from the plan | $20,125 |
| Other admin expenses | $20,125 |
| Benefits paid out | $8,307,505 |
| Net assets, start / end of year | $57.3M / $64.1M |
| Active participants, start / end of year | 2,771 / 2,116 |
| Participants with account balances | 1,686 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $20,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917143749NAL0001335714001, received 2025-09-17, EIN 36-2435132, plan #019, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.