Orgill, Inc. 401(k) Review & Grade
Orgill, Inc. 401(k) Plan
Collierville, TNWholesale Trade5,972 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,242Employer $ per active participant
$2,466Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$275.3MNet plan assets, end of year
$89,991Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 46th |
| Employee saving | 17th |
| Peers that auto-enroll | 62% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($767,763 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $745 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Orgill put in about $1,242 per active participant, below the typical peer ($2,459). 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 | $7,419,427 |
| Participant (employee) contributions | $14,728,300 |
| Other contributions (incl. rollovers in) | $2,177,678 |
| Administrative expenses paid from the plan | $370,097 |
| Contract administrator fees | $62,490 |
| Investment advisory & management fees | $50,000 |
| Other admin expenses | $42,411 |
| Benefits paid out | $32,523,213 |
| Net assets, start / end of year | $254.0M / $275.3M |
| Active participants, start / end of year | 5,873 / 6,070 |
| Participants with account balances | 3,059 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $277,644 reported compensation |
| RBC Capital Markets LLC | $50,000 reported compensation |
| Prudential Investment Management Se | $867 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082348NAL0002018339001, received 2025-10-15, EIN 62-0314720, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.