Ergon, Inc. 401(k) Review & Grade
Ergon 401(k) Plan
Flowood, MSWholesale Trade3,662 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,327Employer $ per active participant
$6,220Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$770.8MNet plan assets, end of year
$171,016Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost15.7 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 63th |
| Employee saving | 66th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($66,427 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ergon put in about $9,327 per active participant, more than the typical peer ($2,459). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $34,155,060 |
| Participant (employee) contributions | $22,778,718 |
| Other contributions (incl. rollovers in) | $4,179,553 |
| Administrative expenses paid from the plan | $597,665 |
| Investment advisory & management fees | $332,040 |
| Benefits paid out | $68,359,800 |
| Net assets, start / end of year | $651.4M / $770.8M |
| Active participants, start / end of year | 3,508 / 3,816 |
| Participants with account balances | 4,507 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bmss, LLC |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $332,040 reported compensation |
| Capital Group Retirement Plan Svcs. | $265,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415141735NAL0019944529001, received 2026-04-15, EIN 64-0503423, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.