Reliable Medical Supply, LLC 401(k) Review & Grade
Reliable Medical Supply, LLC 401(k) Profit Sharing Plan
Franklin, TNHealth Care & Social Assistance568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,347Employer $ per active participant
$2,791Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$17.7MNet plan assets, end of year
$44,370Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 67th |
| Employee saving | 54th |
| Peers that auto-enroll | 36% |
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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 ($51,670 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
- Reliable Medical Supply put in about $1,347 per active participant, more than the typical peer ($976). 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.
- 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 | $765,154 |
| Participant (employee) contributions | $1,585,031 |
| Other contributions (incl. rollovers in) | $325,859 |
| Administrative expenses paid from the plan | $22,201 |
| Contract administrator fees | $22,201 |
| Benefits paid out | $2,773,659 |
| Net assets, start / end of year | $15.8M / $17.7M |
| Active participants, start / end of year | 568 / 568 |
| Participants with account balances | 399 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $74,222 reported compensation |
| Trinity Pension Consultants, Inc | $23,017 reported compensation |
| Bank of America NA | $10,999 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013142514NAL0000714643001, received 2025-10-13, EIN 41-1631370, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.