Eastport Holdings, LLC 401(k) Review & Grade
Eastport Holdings, LLC 401(k) Plan
Memphis, TNProfessional, Scientific & Technical Services579 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,239Employer $ per active participant
$7,446Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$69.5MNet plan assets, end of year
$79,480Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 58th |
| Employee saving | 38th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Eastport Holdings put in about $2,239 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,296,549 |
| Participant (employee) contributions | $4,311,034 |
| Other contributions (incl. rollovers in) | $116,395 |
| Administrative expenses paid from the plan | $130,514 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $94,618 |
| Benefits paid out | $24,430,284 |
| Net assets, start / end of year | $77.9M / $69.5M |
| Active participants, start / end of year | 690 / 468 |
| Participants with account balances | 874 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dulin, Ward & Dewald, Inc. |
Largest service providers (Schedule C)
| LPL Financial LLC | $75,000 reported compensation |
| Fidelity Investments Institutional | $35,896 reported compensation |
| Strategic Advisors, Inc. | $19,618 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013155747NAL0000792883001, received 2025-10-13, EIN 26-2242731, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.