The Yates Companies, Inc. 401(k) Review & Grade
The Yates Companies, Inc. 401(k) Plan
Jackson, MSConstruction3,882 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,600Employer $ per active participant
$3,243Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$154.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 15th |
| Employee saving | 32th |
| Peers that auto-enroll | 57% |
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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
- Yates Companies put in about $1,600 per active participant, below the typical peer ($1,965). 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 (0.43% of assets) are well above similar-size plans (0.12%). 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 | $6,209,490 |
| Participant (employee) contributions | $12,590,222 |
| Other contributions (incl. rollovers in) | $1,568,309 |
| Administrative expenses paid from the plan | $615,171 |
| Investment advisory & management fees | $267,164 |
| Benefits paid out | $12,701,794 |
| Net assets, start / end of year | $132.4M / $154.1M |
| Active participants, start / end of year | 4,009 / 3,755 |
| Participants with account balances | 1,767 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rea, Shaw, Giffin & Stuart LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $278,196 reported compensation |
| Trustmark National Bank | $185,998 reported compensation |
| Empower Advisory Group, LLC | $81,166 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009150025NAL0006771025001, received 2025-10-09, EIN 64-0893270, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.