On Top of the World Communities, LLC 401(k) Review & Grade
On Top of the World Communities, LLC 401(k) Plan
Ocala, FLConstruction686 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$494Employer $ per active participant
$2,696Employee $ saved per active participant
0.82%Direct admin cost, % of plan assets
$16.6MNet plan assets, end of year
$24,601Average balance per account
Score breakdown
- Employer generosity8.2 / 5016th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 10th |
| Employee saving | 32th |
| Peers that auto-enroll | 44% |
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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
- On Top of the World Communities put in about $494 per active participant, below the typical peer ($1,672). 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 (0.82% 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 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 | $338,980 |
| Participant (employee) contributions | $1,850,566 |
| Other contributions (incl. rollovers in) | $89,739 |
| Administrative expenses paid from the plan | $125,232 |
| Contract administrator fees | $17,945 |
| Investment advisory & management fees | $44,937 |
| Benefits paid out | $1,478,914 |
| Net assets, start / end of year | $14.1M / $16.6M |
| Active participants, start / end of year | 658 / 715 |
| Participants with account balances | 675 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Duggan, Joiner and Company, Cpas |
Largest service providers (Schedule C)
| Empower Annuity Insurance | $53,058 reported compensation |
| NFP Retirement Inc | $40,105 reported compensation |
| Florida Retirement Consultants | $21,408 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008124633NAL0005564289001, received 2025-10-08, EIN 59-6059413, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.