Essex Technology Group, LLC DBA Bargain Hunt 401(k) Review & Grade
Essex Technology Group, LLC DBA Bargain Hunt 401(k) Plan
Antioch, TNRetail Trade794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$811Employer $ per active participant
$1,291Employee $ saved per active participant
1.21%Direct admin cost, % of plan assets
$9.0MNet plan assets, end of year
$7,942Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 4th |
| Employee saving | 21th |
| Peers that auto-enroll | 48% |
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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
- Essex Technology Group, LLC DBA Bargain Hunt put in about $811 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.
- Direct plan expenses (1.21% 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.
- 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 | $644,693 |
| Participant (employee) contributions | $1,026,089 |
| Other contributions (incl. rollovers in) | $16,305 |
| Administrative expenses paid from the plan | $100,049 |
| Contract administrator fees | $46,679 |
| Investment advisory & management fees | $42,270 |
| Benefits paid out | $1,270,914 |
| Net assets, start / end of year | $7.6M / $9.0M |
| Active participants, start / end of year | 833 / 756 |
| Participants with account balances | 1,132 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| LPL Financial LLC - Rpcp | $47,885 reported compensation |
| Raymond James Fsa Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103120232NAL0003968771001, received 2025-11-03, EIN 62-1823377, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.