Blackberry Farm 401(k) Review & Grade
Blackberry Farm 401k Savings Plan
Walland, TNAccommodation & Food Services872 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$454Employer $ per active participant
$1,700Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$13.3MNet plan assets, end of year
$23,984Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 9th |
| Employee saving | 80th |
| Peers that auto-enroll | 17% |
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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
- Blackberry Farm put in about $454 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.85% 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 | $396,040 |
| Participant (employee) contributions | $1,482,552 |
| Other contributions (incl. rollovers in) | $10,631 |
| Administrative expenses paid from the plan | $104,426 |
| Investment advisory & management fees | $104,426 |
| Benefits paid out | $1,129,630 |
| Net assets, start / end of year | $11.1M / $13.3M |
| Active participants, start / end of year | 913 / 831 |
| Participants with account balances | 556 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lanigan & Associates, PC |
Largest service providers (Schedule C)
| Empower Annity Insurance Co of Am | $53,772 reported compensation |
| Erisa Services, Inc. | $23,925 reported compensation |
| Rather & Kittrell | $23,565 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006120334NAL0009210226001, received 2025-10-06, EIN 90-0421055, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.