Bennett Thrasher, LLP 401(k) Review & Grade
Bennett Thrasher, LLP 401(k) Profit Sharing Plan
Atlanta, GAProfessional, Scientific & Technical Services514 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,475Employer $ per active participant
$8,967Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$69.6MNet plan assets, end of year
$129,545Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost16.9 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 67th |
| Employee saving | 49th |
| Peers that auto-enroll | 48% |
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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
- Bennett Thrasher, LLP put in about $6,475 per active participant, more than the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,328,345 |
| Participant (employee) contributions | $4,609,144 |
| Other contributions (incl. rollovers in) | $410,792 |
| Administrative expenses paid from the plan | $81,671 |
| Contract administrator fees | $23,817 |
| Investment advisory & management fees | $53,078 |
| Other admin expenses | $4,776 |
| Benefits paid out | $4,173,021 |
| Net assets, start / end of year | $57.1M / $69.6M |
| Active participants, start / end of year | 503 / 525 |
| Participants with account balances | 537 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ellin & Tucker |
Largest service providers (Schedule C)
| Onedigital Investment Advisors | $53,090 reported compensation |
| Principal Life Insurance Company | $23,634 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260123113418NAL0006822289001, received 2026-01-23, EIN 58-1673613, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.