J & R Schugel Holdings, Inc. 401(k) Review & Grade
J&r Schugel Holdings, Inc. Retirement Plan
New Ulm, MNTransportation & Warehousing775 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$555Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$10.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 17th |
| Employee saving | 7th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $30,891 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- This plan reported $0 in employer contributions for 2024. Some employers put their money into a separate plan, so check any other plans listed below and ask HR. If there really is no company money, you still get the tax break. Compare the plan's fees and funds with an IRA before deciding where your next dollar goes.
- 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 (0.61% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $0 |
| Participant (employee) contributions | $429,926 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $60,803 |
| Investment advisory & management fees | $26,667 |
| Benefits paid out | $1,082,812 |
| Net assets, start / end of year | $9.6M / $10.3M |
| Active participants, start / end of year | 836 / 714 |
| Participants with account balances | 174 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lawrence Cumpston & Associates,pllp |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $34,136 reported compensation |
| Creative Planning LLC | $23,676 reported compensation |
| Empower Advisory Group, LLC | $2,990 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260625141323NAL0007276531001, received 2026-06-25, EIN 41-1239449, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.