Gibson Brands, Inc. 401(k) Review & Grade
Gibson Brands, Inc. 401(k) Plan
Nashville, TNManufacturing1,263 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,649Employer $ per active participant
$3,454Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$53.5MNet plan assets, end of year
$48,030Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost11.9 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 47th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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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 ($207,441 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
- Gibson Brands put in about $1,649 per active participant, below the typical peer ($2,320). 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.
- 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 | $2,083,125 |
| Participant (employee) contributions | $4,362,473 |
| Other contributions (incl. rollovers in) | $348,671 |
| Administrative expenses paid from the plan | $120,565 |
| Investment advisory & management fees | $16,725 |
| Benefits paid out | $3,065,231 |
| Net assets, start / end of year | $43.5M / $53.5M |
| Active participants, start / end of year | 1,272 / 1,254 |
| Participants with account balances | 1,114 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $95,170 reported compensation |
| Strategic Advisors, Inc. | $16,725 reported compensation |
| Kraft Cpas, PLLC | $8,670 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009133751NAL0011046352001, received 2025-10-09, EIN 73-1244520, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.