Goodwill Industries of Kansas, Inc. 401(k) Review & Grade
Goodwill Industries of Kansas Safe Harbor 401(k) Plan
Wichita, KSOther Services517 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$324Employer $ per active participant
$661Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$4.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 39th |
| Employee saving | 17th |
| Peers that auto-enroll | 40% |
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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
- Goodwill Industries of Kansas put in about $324 per active participant, below the typical peer ($1,257). 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 | $167,517 |
| Participant (employee) contributions | $341,642 |
| Other contributions (incl. rollovers in) | $38,696 |
| Administrative expenses paid from the plan | $12,903 |
| Contract administrator fees | $8,132 |
| Investment advisory & management fees | $1,518 |
| Other admin expenses | $3,253 |
| Benefits paid out | $1,090,655 |
| Net assets, start / end of year | $4.2M / $4.0M |
| Active participants, start / end of year | 427 / 607 |
| Participants with account balances | 117 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Allen , Gibbs, & Houlik, L.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $7,941 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006151740NAL0001998195001, received 2025-10-06, EIN 48-0673284, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.