People Incorporated 401(k) Review & Grade
People Incorporated Retirement Savings Plan
Eagan, MNHealth Care & Social Assistance783 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$826Employer $ per active participant
$2,153Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$17.1MNet plan assets, end of year
$22,563Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 26th |
| Employee saving | 44th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- People Incorporated put in about $826 per active participant, below the typical peer ($976). 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 (0.45% 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 | $646,586 |
| Participant (employee) contributions | $1,685,826 |
| Other contributions (incl. rollovers in) | $514,644 |
| Administrative expenses paid from the plan | $73,113 |
| Contract administrator fees | $10,168 |
| Investment advisory & management fees | $12,870 |
| Benefits paid out | $2,441,184 |
| Net assets, start / end of year | $15.1M / $17.1M |
| Active participants, start / end of year | 651 / 915 |
| Participants with account balances | 758 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $49,979 reported compensation |
| Mma Securities LLC | $17,254 reported compensation |
| DWC Erisa Consultants LLC | $10,168 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260820140949NAL0020662432001, received 2026-08-20, EIN 41-0962296, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.