City Enterprises, LLC 401(k) Review & Grade
City Enterprises, LLC 401(k) Plan
Franklin, TNRetail Trade1,034 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,300Employer $ per active participant
$2,072Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$19.1MNet plan assets, end of year
$18,107Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 44th |
| Employee saving | 35th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,064 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- City Enterprises put in about $1,300 per active participant, more than the typical peer ($743). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,344,044 |
| Participant (employee) contributions | $2,141,622 |
| Other contributions (incl. rollovers in) | $169,932 |
| Administrative expenses paid from the plan | $51,964 |
| Contract administrator fees | $49,714 |
| Other admin expenses | $2,250 |
| Benefits paid out | $1,132,128 |
| Net assets, start / end of year | $0 / $19.1M |
| Active participants, start / end of year | 894 / 1,173 |
| Participants with account balances | 1,054 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Henderson,hutcherson and Mccullough |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $51,997 reported compensation |
| Kestra Advisory Services LLC | $32,981 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251106090503NAL0016165264001, received 2025-11-06, EIN 62-1784792, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.