Southeast Christian Church of Jefferson County, Kentucky, Inc. 401(k) Review & Grade
Southeast Christian Church Restated Retirement and Savings Plan
Louisville, KYOther Services572 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,889Employer $ per active participant
$2,551Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$39.8MNet plan assets, end of year
$48,262Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 86th |
| Employee saving | 49th |
| Peers that auto-enroll | 40% |
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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
- Southeast Christian Church of Jefferson County, Kentucky put in about $1,889 per active participant, more than the typical peer ($1,257). 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 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 | $1,081,297 |
| Participant (employee) contributions | $1,460,535 |
| Other contributions (incl. rollovers in) | $493,128 |
| Administrative expenses paid from the plan | $19,899 |
| Contract administrator fees | $3,157 |
| Investment advisory & management fees | $6,042 |
| Benefits paid out | $4,860,188 |
| Net assets, start / end of year | $35.6M / $39.8M |
| Active participants, start / end of year | 561 / 584 |
| Participants with account balances | 824 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert, LLP |
Largest service providers (Schedule C)
| Usi Advisors Inc | $48,733 reported compensation |
| Retirement Management Services, LLC | $18,376 reported compensation |
| Cherry Bekaert, LLP | $10,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925133222NAL0007678753001, received 2025-09-25, EIN 61-0850307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.