New Potato Creek Holdings LLC 401(k) Review & Grade
Tidal Wave Auto Spa 401(k) Plan
Thomaston, GAOther Services1,996 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$930Employer $ per active participant
$526Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$7.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.8 / 5042th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 14th |
| Employee saving | 15th |
| Peers that auto-enroll | 40% |
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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 ($134,625 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
- New Potato Creek Holdings put in about $930 per active participant, below the typical peer ($1,257). 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 (0.68% 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.
- 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 | $1,856,738 |
| Participant (employee) contributions | $1,050,820 |
| Other contributions (incl. rollovers in) | $214,160 |
| Administrative expenses paid from the plan | $42,528 |
| Benefits paid out | $1,124,926 |
| Net assets, start / end of year | $4.9M / $7.6M |
| Active participants, start / end of year | 1,861 / 2,131 |
| Participants with account balances | 379 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr Riggs and Ingram LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $40,855 reported compensation |
| Empower Advisory Group, LLC | $7,927 reported compensation |
| Erisa Services, Inc. | $6,615 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123011NAL0002410435001, received 2025-10-15, EIN 86-2243970, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.