Dungarvin Group, Inc. 401(k) Review & Grade
Dungarvin 401(k) Retirement Plan
Mendota Heights, MNHealth Care & Social Assistance5,724 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$237Employer $ per active participant
$954Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$56.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.1 / 5032th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 13th |
| Employee saving | 25th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $171,879 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dungarvin Group put in about $237 per active participant, below the typical peer ($800). 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 (0.50% of assets) are well above similar-size plans (0.12%). 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 | $1,357,730 |
| Participant (employee) contributions | $5,461,620 |
| Other contributions (incl. rollovers in) | $977,704 |
| Administrative expenses paid from the plan | $259,862 |
| Investment advisory & management fees | $69,726 |
| Other admin expenses | $21,630 |
| Benefits paid out | $5,985,423 |
| Net assets, start / end of year | $47.6M / $56.4M |
| Active participants, start / end of year | 5,692 / 5,755 |
| Participants with account balances | 1,953 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton, Larsen & Allen |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $168,506 reported compensation |
| NFP Retirement Inc | $69,726 reported compensation |
| Dungarvin Group Inc | $21,630 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006115608NAL0003598113001, received 2025-10-06, EIN 41-2022672, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.