1915 South Co. 401(k) Review & Grade
1915 South Co. 401(k) Plan
Thomasville, GARetail Trade518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$186Employer $ per active participant
$1,107Employee $ saved per active participant
1.03%Direct admin cost, % of plan assets
$5.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 6th |
| Employee saving | 18th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $89,706 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- 1915 South put in about $186 per active participant, below the typical peer ($743). 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 (1.03% of assets) are well above similar-size plans (0.23%). 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 | $96,413 |
| Participant (employee) contributions | $573,964 |
| Other contributions (incl. rollovers in) | $56,414 |
| Administrative expenses paid from the plan | $52,864 |
| Contract administrator fees | $11,608 |
| Investment advisory & management fees | $21,084 |
| Benefits paid out | $808,895 |
| Net assets, start / end of year | $4.9M / $5.3M |
| Active participants, start / end of year | 591 / 446 |
| Participants with account balances | 153 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clements, Purvis & Stewart, PC |
Largest service providers (Schedule C)
| Thomasville National Bank | $21,084 reported compensation |
| John Hancock Life Insurance Company | $334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145741NAL0004918689001, received 2025-10-15, EIN 58-0673620, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.