Ascension Property Services, LLC 401(k) Review & Grade
Ascension Property Services, LLC Retirement Readiness 401(k) Plan
Brentwood, TNFinance & Insurance856 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,175Employer $ per active participant
$3,465Employee $ saved per active participant
1.08%Direct admin cost, % of plan assets
$20.5MNet plan assets, end of year
$22,307Average balance per account
Score breakdown
- Employer generosity11.8 / 5024th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 6th |
| Employee saving | 8th |
| Peers that auto-enroll | 62% |
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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
- Ascension Property Services put in about $2,175 per active participant, below the typical peer ($3,606). 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 (1.08% 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 | $1,861,638 |
| Participant (employee) contributions | $2,966,049 |
| Other contributions (incl. rollovers in) | $4,841 |
| Administrative expenses paid from the plan | $196,703 |
| Contract administrator fees | $196,703 |
| Benefits paid out | $2,155,159 |
| Net assets, start / end of year | $15.9M / $20.5M |
| Active participants, start / end of year | 879 / 833 |
| Participants with account balances | 920 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ata, PLLC |
Largest service providers (Schedule C)
| LPL Financial Corporation | $41,573 reported compensation |
| Retirement Plan Concepts & Services | $8,461 reported compensation |
| Voya Retirement Advisors, LLC | $1,887 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715145447NAL0002279939001, received 2026-07-15, EIN 83-3362895, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.