Gresham Smith 401(k) Review & Grade
Gresham Smith Employee Savings and Profit Sharing Plan
Nashville, TNProfessional, Scientific & Technical Services1,167 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,293Employer $ per active participant
$10,057Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$224.7MNet plan assets, end of year
$155,077Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 70th |
| Employee saving | 59th |
| 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
- Gresham Smith put in about $5,293 per active participant, more than the typical peer ($3,082). 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 | $6,176,957 |
| Participant (employee) contributions | $11,736,125 |
| Other contributions (incl. rollovers in) | $2,219,714 |
| Administrative expenses paid from the plan | $246,440 |
| Investment advisory & management fees | $75,228 |
| Benefits paid out | $13,780,137 |
| Net assets, start / end of year | $187.1M / $224.7M |
| Active participants, start / end of year | 1,123 / 1,211 |
| Participants with account balances | 1,449 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $156,707 reported compensation |
| Onedigital Investment Advisors LLC | $75,000 reported compensation |
| Lbmc PC | $14,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922122604NAL0002131475001, received 2025-09-22, EIN 62-0794126, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.