Diakonia Group, LLC 401(k) Review & Grade
Diakonia Group, LLC 401k Profit Sharing Plan
Franklin, TNManufacturing667 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,288Employer $ per active participant
$6,277Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$33.9MNet plan assets, end of year
$39,836Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost21.8 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 87th |
| Employee saving | 67th |
| 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
- Diakonia Group put in about $4,288 per active participant, more than the typical peer ($2,320). 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.
- 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 | $2,860,220 |
| Participant (employee) contributions | $4,186,546 |
| Other contributions (incl. rollovers in) | $1,103,810 |
| Administrative expenses paid from the plan | $14,100 |
| Contract administrator fees | $11,400 |
| Other admin expenses | $2,700 |
| Benefits paid out | $1,850,179 |
| Net assets, start / end of year | $22.1M / $33.9M |
| Active participants, start / end of year | 613 / 721 |
| Participants with account balances | 850 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Rpa Financial, LLC | $33,000 reported compensation |
| Voya Retirement Insurance & Annuity | $14,122 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001100630NAL0015896960001, received 2025-10-01, EIN 46-0705501, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.