Clayton Homes, Inc. 401(k) Review & Grade
Clayton Homes, Inc. 401(k) Retirement Plan
Maryville, TNManagement of Companies20,358 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,817Employer $ per active participant
$6,108Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$55,706Average balance per account
Score breakdown
- Employer generosity28.1 / 5056th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 35th |
| Employee saving | 58th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $3,400 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Clayton Homes put in about $2,817 per active participant, more than the typical peer ($2,229). 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 | $57,355,603 |
| Participant (employee) contributions | $124,338,508 |
| Other contributions (incl. rollovers in) | $10,751,667 |
| Administrative expenses paid from the plan | $1,819,561 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $542,376 |
| Benefits paid out | $131,751,940 |
| Net assets, start / end of year | $1.3B / $1.6B |
| Active participants, start / end of year | 18,297 / 22,418 |
| Participants with account balances | 28,523 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
| Employer stock held by plan | $75,593,344 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,277,179 reported compensation |
| Strategic Advisors, Inc. | $542,376 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820125754NAL0003254305001, received 2025-08-20, EIN 62-1671360, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.