ST. Andrews Resources 401k Plan 401(k) Review & Grade
ST. Andrew's Resources for Seniors System
ST. Louis, MOHealth Care & Social Assistance664 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$457Employer $ per active participant
$1,651Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$8.6MNet plan assets, end of year
$7,678Average balance per account
Score breakdown
- Employer generosity16.5 / 5033th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 11th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($188,768 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $28 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- ST. Andrews Resources 401k Plan put in about $457 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 (0.78% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $303,144 |
| Participant (employee) contributions | $1,095,200 |
| Other contributions (incl. rollovers in) | $6,512 |
| Administrative expenses paid from the plan | $66,970 |
| Contract administrator fees | $61,845 |
| Investment advisory & management fees | $125 |
| Other admin expenses | $5,000 |
| Benefits paid out | $1,577,906 |
| Net assets, start / end of year | $0 / $8.6M |
| Active participants, start / end of year | 432 / 895 |
| Participants with account balances | 1,124 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $66,634 reported compensation |
| Gallagher Benefit Services Inc | $18,738 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260309105139NAL0002365187001, received 2026-03-09, EIN 26-0568133, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.