Wizards Nuts Inc. 401(k) Review & Grade
Flagstone Foods 401(k) Plan
Minneapolis, MNManufacturing1,106 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,431Employer $ per active participant
$2,124Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$26.7MNet plan assets, end of year
$41,373Average balance per account
Score breakdown
- Employer generosity14.5 / 5029th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 21th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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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
- Wizards Nuts put in about $1,431 per active participant, below the typical peer ($2,320). 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 (0.53% 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 | $1,583,600 |
| Participant (employee) contributions | $2,349,717 |
| Other contributions (incl. rollovers in) | $272,176 |
| Administrative expenses paid from the plan | $139,318 |
| Investment advisory & management fees | $42,259 |
| Benefits paid out | $5,941,531 |
| Net assets, start / end of year | $25.6M / $26.7M |
| Active participants, start / end of year | 1,122 / 1,091 |
| Participants with account balances | 646 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $97,059 reported compensation |
| Christensen Group Financial LLC | $25,000 reported compensation |
| Empower Advisory Group, LLC | $17,259 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805102621NAL0002133760001, received 2025-08-05, EIN 84-2374541, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.