Saint Francis Ministries, Inc. 401(k) Review & Grade
Saint Francis Ministries, Inc. 401(k) Plan Plan
Salina, KSHealth Care & Social Assistance1,382 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,424Employer $ per active participant
$1,666Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$39.1MNet plan assets, end of year
$41,092Average balance per account
Score breakdown
- Employer generosity30.0 / 5060th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 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 | 60th |
| Lower admin cost | 16th |
| Employee saving | 36th |
| 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
- Saint Francis Ministries put in about $1,424 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.63% 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 | $1,969,011 |
| Participant (employee) contributions | $2,302,727 |
| Other contributions (incl. rollovers in) | $459,324 |
| Administrative expenses paid from the plan | $234,380 |
| Contract administrator fees | $25,239 |
| Investment advisory & management fees | $74,680 |
| Benefits paid out | $5,798,536 |
| Net assets, start / end of year | $35.8M / $39.1M |
| Active participants, start / end of year | 1,540 / 1,225 |
| Participants with account balances | 952 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | K Coe Isom, LLP |
Largest service providers (Schedule C)
| Intrust Bank, N.A. | $159,701 reported compensation |
| Wintrust Investments | $74,680 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160845NAL0002606339001, received 2025-10-15, EIN 48-0543809, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.