Answers in Genesis, Inc. 401(k) Review & Grade
Answers in Genesis, Inc. 401(k) Salary Reduction Plan & Trust
Hebron, KYOther Services1,044 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$179Employer $ per active participant
$1,159Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
$21,743Average balance per account
Score breakdown
- Employer generosity7.4 / 5015th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 16th |
| Employee saving | 29th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Answers in Genesis put in about $179 per active participant, below the typical peer ($1,257). 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 (0.64% 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 | $186,972 |
| Participant (employee) contributions | $1,209,811 |
| Other contributions (incl. rollovers in) | $83,435 |
| Administrative expenses paid from the plan | $73,702 |
| Contract administrator fees | $24,814 |
| Investment advisory & management fees | $39,945 |
| Benefits paid out | $1,292,619 |
| Net assets, start / end of year | $10.6M / $12.4M |
| Active participants, start / end of year | 1,019 / 1,068 |
| Participants with account balances | 568 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barnes Dennig |
Largest service providers (Schedule C)
| Wacker & Associates, Inc. | $39,945 reported compensation |
| Newport Group, Inc. | $31,833 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007141935NAL0004894689001, received 2025-10-07, EIN 33-0596423, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.