Plantation Management Company, LLC 401(k) Review & Grade
Plantation Management Company 401(k) Plan
Denham Springs, LAHealth Care & Social Assistance2,049 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$26Employer $ per active participant
$611Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$14.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.2 / 5010th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 34th |
| Employee saving | 14th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $48,445 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Plantation Management Company put in about $26 per active participant, below the typical peer ($976). 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 (0.36% 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 | $53,743 |
| Participant (employee) contributions | $1,252,597 |
| Other contributions (incl. rollovers in) | $7,428 |
| Administrative expenses paid from the plan | $50,070 |
| Other admin expenses | $11,250 |
| Benefits paid out | $1,525,485 |
| Net assets, start / end of year | $13.2M / $14.6M |
| Active participants, start / end of year | 2,348 / 1,750 |
| Participants with account balances | 608 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Daigrepont & Brian, Apac |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $38,820 reported compensation |
| Plantation Management Company LLC | $11,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813094824NAL0004806659001, received 2025-08-13, EIN 72-1097923, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.