The Orange Grove Center, Inc. 401(k) Review & Grade
401(k) Profit Sharing Plan for Orange Grove Center, Inc.
Chattanooga, TNOther Services614 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$580Employer $ per active participant
$1,034Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$12.6MNet plan assets, end of year
$37,081Average balance per account
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 69th |
| Employee saving | 26th |
| Peers that auto-enroll | 40% |
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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 ($23,356 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
- Orange Grove Center put in about $580 per active participant, below the typical peer ($1,257). 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 | $356,202 |
| Participant (employee) contributions | $635,619 |
| Other contributions (incl. rollovers in) | $39,831 |
| Administrative expenses paid from the plan | $14,852 |
| Contract administrator fees | $14,852 |
| Benefits paid out | $1,038,429 |
| Net assets, start / end of year | $11.3M / $12.6M |
| Active participants, start / end of year | 607 / 622 |
| Participants with account balances | 340 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Johnson Hickey & Murchison, PC |
Largest service providers (Schedule C)
| American United Life Insurance Co. | $53,062 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414152209NAL0018661793001, received 2026-04-14, EIN 62-0549365, plan #003, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.