Reeves Young, LLC 401(k) Review & Grade
Reeves Young Profit Sharing Plan
Sugar Hill, GAConstruction560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,831Employer $ per active participant
$3,604Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$19.6MNet plan assets, end of year
$51,836Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 14th |
| Employee saving | 46th |
| 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
- Reeves Young put in about $1,831 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.67% 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 | $1,026,170 |
| Participant (employee) contributions | $2,019,976 |
| Other contributions (incl. rollovers in) | $797,156 |
| Administrative expenses paid from the plan | $117,107 |
| Contract administrator fees | $8,250 |
| Investment advisory & management fees | $57,150 |
| Benefits paid out | $1,667,650 |
| Net assets, start / end of year | $15.5M / $19.6M |
| Active participants, start / end of year | 542 / 579 |
| Participants with account balances | 379 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Resj, P.C. |
Largest service providers (Schedule C)
| Northwestern Mutual | $57,150 reported compensation |
| Empower Annuity Ins Co of America | $37,616 reported compensation |
| Erisa Services of Ga, Inc. | $18,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010072846NAL0017326066001, received 2025-10-10, EIN 46-4674821, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.