Sturm Financial Group Inc. 401(k) Review & Grade
Sturm Financial Group 401(k) Profit Sharing Plan
Denver, COFinance & Insurance522 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,042Employer $ per active participant
$5,016Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$49.7MNet plan assets, end of year
$65,195Average balance per account
Score breakdown
- Employer generosity10.6 / 5021th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 82th |
| Employee saving | 23th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,413 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sturm Financial Group put in about $2,042 per active participant, below the typical peer ($3,606). 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.
- 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 | $1,067,130 |
| Participant (employee) contributions | $2,620,686 |
| Other contributions (incl. rollovers in) | $143,848 |
| Administrative expenses paid from the plan | $33,078 |
| Contract administrator fees | $31,144 |
| Investment advisory & management fees | $384 |
| Other admin expenses | $1,550 |
| Benefits paid out | $4,963,331 |
| Net assets, start / end of year | $45.2M / $49.7M |
| Active participants, start / end of year | 512 / 533 |
| Participants with account balances | 762 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Stockman Kast Ryan & Co, LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $32,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009143303NAL0007140561001, received 2025-10-09, EIN 84-1564498, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.