Abg Operating, LLC 401(k) Review & Grade
American Bath Group 401(k) Plan
Savannah, TNManufacturing5,016 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$280Employer $ per active participant
$977Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$124.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.3 / 503th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 34th |
| Employee saving | 2th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $364,937 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Abg Operating put in about $280 per active participant, below the typical peer ($3,452). 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 (0.21% of assets) are well above similar-size plans (0.12%). 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 | $1,406,238 |
| Participant (employee) contributions | $4,902,609 |
| Other contributions (incl. rollovers in) | $545,733 |
| Administrative expenses paid from the plan | $255,307 |
| Investment advisory & management fees | $99,086 |
| Benefits paid out | $19,756,879 |
| Net assets, start / end of year | $122.1M / $124.1M |
| Active participants, start / end of year | 5,255 / 4,778 |
| Participants with account balances | 1,791 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Black & Pinckard LLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $186,338 reported compensation |
| Cook Street Consulting, Inc. | $69,019 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922102639NAL0002090771001, received 2025-09-22, EIN 47-4204265, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.