George's, Inc. 401(k) Review & Grade
George's, Inc. 401(k) Profit Sharing Plan
Springdale, ARAgriculture, Forestry, Fishing & Hunting7,481 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$938Employer $ per active participant
$1,351Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$135.8MNet plan assets, end of year
$28,943Average balance per account
Score breakdown
- Employer generosity15.7 / 5031th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 24th |
| Employee saving | 18th |
| Peers that auto-enroll | 52% |
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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
- George's put in about $938 per active participant, below the typical peer ($2,062). 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.
- Direct plan expenses (0.29% of assets) are well above similar-size plans (0.12%). 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 | $7,014,825 |
| Participant (employee) contributions | $10,105,649 |
| Other contributions (incl. rollovers in) | $858,223 |
| Administrative expenses paid from the plan | $362,773 |
| Investment advisory & management fees | $43,779 |
| Other admin expenses | $18,950 |
| Benefits paid out | $15,705,185 |
| Net assets, start / end of year | $117.8M / $135.8M |
| Active participants, start / end of year | 7,260 / 7,702 |
| Participants with account balances | 4,693 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Bokf, NA | $362,774 reported compensation |
| Forvis Mazars, LLP | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027074957NAL0014597746001, received 2025-10-27, EIN 71-0439829, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.