Institute of Community Services, Inc. 401(k) Review & Grade
Institute of Community Services, Inc. 403(b) Retirement Plan
Holly Springs, MSHealth Care & Social Assistance782 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$934Employer $ per active participant
$1,339Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$13.0MNet plan assets, end of year
$18,552Average balance per account
Score breakdown
- Employer generosity24.5 / 5049th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 54th |
| Employee saving | 30th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,372 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Institute of Community Services put in about $934 per active participant, below the typical peer ($976). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $730,201 |
| Participant (employee) contributions | $1,046,260 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $25,129 |
| Contract administrator fees | $25,129 |
| Benefits paid out | $1,021,878 |
| Net assets, start / end of year | $11.9M / $13.0M |
| Active participants, start / end of year | 776 / 787 |
| Participants with account balances | 703 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Watkins Ward and Stafford PLLC |
Largest service providers (Schedule C)
| Global Retirement Partners | $53,539 reported compensation |
| Empower Annuity Insurance Company | $19,151 reported compensation |
| Ares Retirement Plan Services LLC | $12,338 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251117092448NAL0002336816001, received 2025-11-17, EIN 64-0440304, plan #002, plan year 2024-02-01 to 2025-01-31. Verify at efast.dol.gov.