Pheasants Forever, Inc. 401(k) Review & Grade
Pheasants Forever, Inc. 401(k) Plan
ST Paul, MNAgriculture, Forestry, Fishing & Hunting542 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,071Employer $ per active participant
$4,931Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$39.3MNet plan assets, end of year
$50,568Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 51th |
| Employee saving | 84th |
| Peers that auto-enroll | 36% |
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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
- Pheasants Forever put in about $3,071 per active participant, more than the typical peer ($774). 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.
- 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 | $1,663,133 |
| Participant (employee) contributions | $2,669,945 |
| Other contributions (incl. rollovers in) | $420,770 |
| Administrative expenses paid from the plan | $78,083 |
| Benefits paid out | $1,822,040 |
| Net assets, start / end of year | $31.9M / $39.3M |
| Active participants, start / end of year | 507 / 576 |
| Participants with account balances | 778 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boyum & Barenscheer |
Largest service providers (Schedule C)
| Adp, Inc. | $78,083 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260209170224NAL0001393985001, received 2026-02-09, EIN 41-1429149, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.