E. A. Renfroe & Company, Inc. 401(k) Review & Grade
E. A. Renfroe & Company, Inc. 401(k) Plan
Birmingham, ALFinance & Insurance2,797 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$40Employer $ per active participant
$506Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$30.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.0 / 502th percentile for employer $ per participant
- Low cost3.4 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 13th |
| Employee saving | 0th |
| Peers that auto-enroll | 66% |
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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
- E. A. Renfroe & Company put in about $40 per active participant, below the typical peer ($4,489). 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 (0.48% 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 | $112,527 |
| Participant (employee) contributions | $1,415,845 |
| Other contributions (incl. rollovers in) | $94,048 |
| Administrative expenses paid from the plan | $148,526 |
| Investment advisory & management fees | $45,078 |
| Other admin expenses | $5,811 |
| Benefits paid out | $6,145,701 |
| Net assets, start / end of year | $31.4M / $30.3M |
| Active participants, start / end of year | 738 / 4,856 |
| Participants with account balances | 741 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Highland Group |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $97,637 reported compensation |
| Waverly Advisors LLC | $45,078 reported compensation |
| Highlands Accounting Group, Inc | $5,811 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724083923NAL0005675104001, received 2025-07-24, EIN 58-2142437, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.