Dream Finders Homes, LLC 401(k) Review & Grade
Dream Finders Homes 401(k) Plan
Jacksonville, FLReal Estate & Rental1,371 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,906Employer $ per active participant
$9,012Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$98.2MNet plan assets, end of year
$53,427Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 36th |
| Employee saving | 91th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,939 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dream Finders Homes put in about $4,906 per active participant, more than the typical peer ($1,279). 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 | $6,726,126 |
| Participant (employee) contributions | $12,355,204 |
| Other contributions (incl. rollovers in) | $2,604,756 |
| Administrative expenses paid from the plan | $285,744 |
| Investment advisory & management fees | $64,919 |
| Other admin expenses | $60,000 |
| Benefits paid out | $8,655,224 |
| Net assets, start / end of year | $69.4M / $98.2M |
| Active participants, start / end of year | 1,169 / 1,573 |
| Participants with account balances | 1,838 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ennis, Pellum, & Associates, CPA |
| Employer stock held by plan | $569,112 |
Largest service providers (Schedule C)
| Adp, Inc. | $123,100 reported compensation |
| Resources Investment Advisors, Inc. | $64,919 reported compensation |
| BKD, LLP | $44,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801055237NAL0003595011001, received 2025-08-01, EIN 27-0528991, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.