Fairway Lawns, LLC 401(k) Review & Grade
Fairway Lawns, LLC 401(k) Plan
Little Rock, ARAdministrative, Support & Staffing Services1,218 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$895Employer $ per active participant
$1,808Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$18.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 33th |
| Employee saving | 50th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,156 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fairway Lawns put in about $895 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.37% of assets) are well above similar-size plans (0.23%). 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 | $1,090,109 |
| Participant (employee) contributions | $2,200,648 |
| Other contributions (incl. rollovers in) | $2,044,479 |
| Administrative expenses paid from the plan | $59,000 |
| Contract administrator fees | $41,239 |
| Investment advisory & management fees | $17,761 |
| Benefits paid out | $2,056,290 |
| Net assets, start / end of year | $13.3M / $18.2M |
| Active participants, start / end of year | 1,118 / 1,317 |
| Participants with account balances | 518 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fgmk, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $39,499 reported compensation |
| Marsh & Mclennan Agency, | $17,761 reported compensation |
| Nationwide | $1,737 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013105903NAL0002566034001, received 2025-10-13, EIN 71-0516310, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.