Gregory M. Parker, Inc. 401(k) Review & Grade
Gregory M. Parker, Inc. 401k Plan
Savannah, GARetail Trade815 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$566Employer $ per active participant
$956Employee $ saved per active participant
1.09%Direct admin cost, % of plan assets
$5.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 6th |
| Employee saving | 15th |
| Peers that auto-enroll | 48% |
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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
- Gregory M. Parker put in about $566 per active participant, below the typical peer ($743). 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 (1.09% 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 | $461,277 |
| Participant (employee) contributions | $779,488 |
| Other contributions (incl. rollovers in) | $266,035 |
| Administrative expenses paid from the plan | $53,978 |
| Contract administrator fees | $18,020 |
| Investment advisory & management fees | $22,516 |
| Benefits paid out | $400,457 |
| Net assets, start / end of year | $4.2M / $5.8M |
| Active participants, start / end of year | 820 / 810 |
| Participants with account balances | 261 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US, LLP |
Largest service providers (Schedule C)
| The Retirement Plan Company | $31,767 reported compensation |
| The Fiduciary Group | $22,516 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015080833NAL0004310609001, received 2025-10-15, EIN 58-1808864, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.