Your 401(k) Scorecard
Find your plan and see your score in about a minute. It’s built from the annual report your plan files with the Department of Labor.
What’s your plan called?
We search the annual reports that plans with fewer than 100 participants generally file with the U.S. Department of Labor. It’s public, so there’s nothing to upload.
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How the ClearMind 401(k) Scorecard works
Every 401(k) plan files an annual report with the U.S. Department of Labor, called a Form 5500. Plans with fewer than 100 participants generally file the shorter Form 5500-SF, and the DOL publishes the answers as public data. The Scorecard covers 21,226 Ohio 401(k) plans, refreshed every month. Find your plan by name or EIN, confirm it’s yours, and we score the latest filing the DOL has published. You see your overall score and your plan’s story right away. Add your name and email to unlock all five area scores, and we’ll email you a copy.
The Scorecard is a preview built only from public filing data. It isn’t an audit, a compliance determination, or investment advice. A filing can’t show fee disclosures, the investment lineup, plan documents, or the employee experience, so Austin Wolfe and Joe Anderson review those with you in a 30-minute walkthrough.
What the Scorecard checksShow the five areas
- Bond and compliance answers (25%). Whether the fidelity bond meets the legal minimum, and the yes or no compliance questions, like late employee deposits.
- Audit threshold (20%). How close the plan is to 100 participants with balances, where a yearly independent audit can be required.
- Automatic features (15%). Auto-enrollment, a default investment, and how much the people who save put in.
- Corrective distributions (20%). Money sent back out of the plan, often after a failed IRS fairness test.
- Who signed the filing (20%). Whether the company runs the plan itself or names an outside administrator.
Plans that file the full Form 5500 (usually 100 or more participants) aren’t scored automatically yet. Pick “None of these” and we’ll build yours by hand.
Scorecard questions
What is the ClearMind 401(k) Scorecard?+
It’s a free report card for a company 401(k). You search for the plan by company name or EIN, confirm it, and get an overall score from 0 to 100 in about a minute, built from the plan’s latest annual report with the U.S. Department of Labor.
Where does the Scorecard data come from?+
From Form 5500-SF, the annual report most plans with fewer than 100 participants file with the Department of Labor. The DOL publishes those filings as public data, and we refresh our copy every month. There’s nothing to upload.
Which plans can it score?+
Ohio 401(k) plans that file the Form 5500-SF. That’s 21,226 plans today. Bigger plans file the full Form 5500 instead, and if yours isn’t in the search, pick “None of these” and Austin and Joe will build your Scorecard by hand.
What does the Scorecard measure?+
Five areas, each scored 0 to 100: the fidelity bond and compliance answers (25%), how close the plan is to the 100-participant audit threshold (20%), automatic features like auto-enrollment (15%), corrective distributions after failed fairness tests (20%), and who signed the filing (20%).
What counts as a good score?+
80 and up is a Strength. 60 to 79 means Monitor, so something is worth a look. Under 60 is a Priority. Each area gets its own band, so you can see which part of the plan pulls the score down.
Is the Scorecard an audit or legal advice?+
No. It’s a preview built only from public filing data. A filing can’t show your fees, the investment lineup, plan documents, or how employees experience the plan, so Austin Wolfe and Joe Anderson review those with you in a 30-minute walkthrough.
What does it cost?+
Nothing. The overall score shows up right away. Add your name and email to see all five area scores, and we’ll email you a copy to keep.
This content is for informational purposes only and does not constitute investment, tax, or legal advice. ClearMind Capital LLC is a registered investment adviser. Registration does not imply a certain level of skill or training. Past performance is not indicative of future results. See our Privacy Policy and Form ADV Part 2A (CRD #334362).
