Your Retirement Savings Plan Company 401(k) Review & Grade
Your Retirement Savings Plan
Columbia, MSTransportation & Warehousing9,613 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$601Employer $ per active participant
$1,988Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$204.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 20th |
| Employee saving | 20th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,626,691 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Your Retirement Savings Plan put in about $601 per active participant, below the typical peer ($1,834). 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 (0.33% 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.
- 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 | $5,774,551 |
| Participant (employee) contributions | $19,113,554 |
| Other contributions (incl. rollovers in) | $4,683,850 |
| Administrative expenses paid from the plan | $618,204 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $348,073 |
| Benefits paid out | $21,807,792 |
| Net assets, start / end of year | $173.3M / $204.7M |
| Active participants, start / end of year | 9,085 / 10,141 |
| Participants with account balances | 3,427 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | TMH |
Largest service providers (Schedule C)
| Regions Bank | $348,073 reported compensation |
| Fidelity Investments Institutional | $186,070 reported compensation |
| TMH | $84,150 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010103815NAL0007962721001, received 2025-10-10, EIN 46-5355556, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.