Garver, LLC 401(k) Review & Grade
Garver Retirement Plan
North Little Rock, ARProfessional, Scientific & Technical Services1,386 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,519Employer $ per active participant
$9,218Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$176.0MNet plan assets, end of year
$100,599Average balance per account
Score breakdown
- Employer generosity34.9 / 5070th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 66th |
| Employee saving | 52th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,321 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Garver put in about $4,519 per active participant, more than the typical peer ($3,082). 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 | $6,265,701 |
| Participant (employee) contributions | $12,781,291 |
| Other contributions (incl. rollovers in) | $4,128,540 |
| Administrative expenses paid from the plan | $218,839 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $106,875 |
| Benefits paid out | $15,695,168 |
| Net assets, start / end of year | $147.1M / $176.0M |
| Active participants, start / end of year | 1,289 / 1,484 |
| Participants with account balances | 1,750 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogan Taylor LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $113,563 reported compensation |
| Meridian Management Co | $95,000 reported compensation |
| Captrust | $11,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829084444NAL0006019971001, received 2025-08-29, EIN 01-0733400, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.