Magnolia River International 401(k) Review & Grade
Magnolia River International 401(k) Plan
Hartselle, ALUtilities796 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,441Employer $ per active participant
$5,227Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$43.0MNet plan assets, end of year
$58,357Average balance per account
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 33th |
| Employee saving | 8th |
| Peers that auto-enroll | 76% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Magnolia River International put in about $2,441 per active participant, below the typical peer ($6,264). 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 (0.38% 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 | $1,942,180 |
| Participant (employee) contributions | $4,158,239 |
| Other contributions (incl. rollovers in) | $1,158,588 |
| Administrative expenses paid from the plan | $150,651 |
| Contract administrator fees | $39,296 |
| Investment advisory & management fees | $102,121 |
| Benefits paid out | $6,224,701 |
| Net assets, start / end of year | $37.1M / $43.0M |
| Active participants, start / end of year | 836 / 755 |
| Participants with account balances | 736 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter LLC |
Largest service providers (Schedule C)
| Ameritas Life Insurance Corp | $39,296 reported compensation |
| Matrix Trust Company | $9,234 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028100955NAL0017249122001, received 2025-10-28, EIN 83-4686560, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.