Togetherwork Operations, LLC 401(k) Review & Grade
Togetherwork 401(k) Plan
Atlanta, GAProfessional, Scientific & Technical Services687 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,101Employer $ per active participant
$7,390Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$61.3MNet plan assets, end of year
$90,653Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost17.4 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 69th |
| Employee saving | 37th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $467 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Togetherwork Operations put in about $3,101 per active participant, more than the typical peer ($3,082). 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.
- 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 | $2,130,606 |
| Participant (employee) contributions | $5,076,872 |
| Other contributions (incl. rollovers in) | $415,079 |
| Administrative expenses paid from the plan | $67,965 |
| Contract administrator fees | $15,695 |
| Investment advisory & management fees | $17,628 |
| Other admin expenses | $10,089 |
| Benefits paid out | $5,716,237 |
| Net assets, start / end of year | $51.4M / $61.3M |
| Active participants, start / end of year | 693 / 681 |
| Participants with account balances | 676 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Batescarter |
Largest service providers (Schedule C)
| Raymond James Financial Services | $94,252 reported compensation |
| Retirement Benefit Solutions | $27,078 reported compensation |
| Robinson, Grimes and Company | $24,553 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911083205NAL0000278113001, received 2025-09-11, EIN 82-0616547, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.