Cellular Sales of Knoxville, Inc. 401(k) Review & Grade
Cellular Sales of Knoxville, Inc. 401(k) Plan
Knoxville, TNRetail Trade4,628 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$570Employer $ per active participant
$2,000Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$90.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.0 / 5044th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 28th |
| Employee saving | 49th |
| Peers that auto-enroll | 42% |
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
- Cellular Sales of Knoxville put in about $570 per active participant, below the typical peer ($650). 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 (0.25% 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 | $2,639,474 |
| Participant (employee) contributions | $9,256,723 |
| Other contributions (incl. rollovers in) | $66,547 |
| Administrative expenses paid from the plan | $202,069 |
| Contract administrator fees | $35,753 |
| Investment advisory & management fees | $149,622 |
| Benefits paid out | $6,482,521 |
| Net assets, start / end of year | $72.8M / $90.7M |
| Active participants, start / end of year | 4,668 / 4,589 |
| Participants with account balances | 1,981 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Coulter & Justus, PC |
Largest service providers (Schedule C)
| Raymond James & Associates, Inc. | $149,622 reported compensation |
| Tennessee Pension Administrators | $35,753 reported compensation |
| Capital Group Retirement Plan Srvs | $16,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731094739NAL0012813874001, received 2025-07-31, EIN 62-1519339, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.