American Landscaping Partners, LLC 401(k) Review & Grade
American Landscaping Partners 401(k) Plan
Brentwood, TNAdministrative, Support & Staffing Services593 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$724Employer $ per active participant
$1,548Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$20.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 25th |
| Employee saving | 45th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $179 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- American Landscaping Partners put in about $724 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.47% 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 | $429,159 |
| Participant (employee) contributions | $917,779 |
| Other contributions (incl. rollovers in) | $760,680 |
| Administrative expenses paid from the plan | $69,202 |
| Contract administrator fees | $69,202 |
| Benefits paid out | $1,945,816 |
| Net assets, start / end of year | $9.1M / $20.5M |
| Active participants, start / end of year | 562 / 624 |
| Participants with account balances | 241 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Global Retirement Partners | $21,515 reported compensation |
| Wellth Advisory Services | $16,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015090556NAL0002060227001, received 2025-10-15, EIN 85-2128273, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.