Apache Mills, Inc. 401(k) Review & Grade
Apache Mills Inc. 401(k) Plan
Calhoun, GAManufacturing660 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$470Employer $ per active participant
$936Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$8.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.2 / 506th percentile for employer $ per participant
- Low cost2.7 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 11th |
| Employee saving | 3th |
| Peers that auto-enroll | 59% |
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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
- Apache Mills put in about $470 per active participant, below the typical peer ($2,320). 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 (0.76% 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 | $310,299 |
| Participant (employee) contributions | $618,486 |
| Other contributions (incl. rollovers in) | $10,095 |
| Administrative expenses paid from the plan | $61,880 |
| Investment advisory & management fees | $33,005 |
| Other admin expenses | $2,000 |
| Benefits paid out | $497,232 |
| Net assets, start / end of year | $7.4M / $8.8M |
| Active participants, start / end of year | 684 / 637 |
| Participants with account balances | 129 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ross Lane & Company, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $26,875 reported compensation |
| Aprio Management LLC | $20,061 reported compensation |
| Apache Mills Inc | $11,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814092542NAL0008969395001, received 2025-08-14, EIN 58-1109779, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.