Gundersen Lutheran Administrative Services, Inc. 401(k) Review & Grade
Gundersen Lutheran Employees' Retirement Plan
La Crosse, WIHealth Care & Social Assistance9,576 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,000Employer $ per active participant
$5,789Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$256,717Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 59th |
| Employee saving | 79th |
| Peers that auto-enroll | 38% |
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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
- Gundersen Lutheran Administrative Services put in about $10,000 per active participant, more than the typical peer ($800). 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.
- 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 | $95,763,828 |
| Participant (employee) contributions | $55,437,101 |
| Other contributions (incl. rollovers in) | $6,422,489 |
| Administrative expenses paid from the plan | $2,514,592 |
| Contract administrator fees | $537,905 |
| Investment advisory & management fees | $1,884,159 |
| Other admin expenses | $76,528 |
| Benefits paid out | $238,891,580 |
| Net assets, start / end of year | $2.5B / $2.9B |
| Active participants, start / end of year | 9,492 / 9,660 |
| Participants with account balances | 11,187 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hawkins Ash Cpas, LLP |
Largest service providers (Schedule C)
| Sit Inv Assoc. | $731,226 reported compensation |
| Dodge & Cox | $698,944 reported compensation |
| Oneamerica Retirement Services | $537,905 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014161612NAL0003380401001, received 2025-10-14, EIN 39-1606449, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.