Rogers Group, Inc. 401(k) Review & Grade
Rogers Group, Inc.& Affiliates Retirement Savings Plan
Nashville, TNMining, Oil & Gas2,930 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,693Employer $ per active participant
$4,949Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$205.9MNet plan assets, end of year
$59,049Average balance per account
Score breakdown
- Employer generosity34.7 / 5069th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
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 | 69th |
| Lower admin cost | 52th |
| Employee saving | 51th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $701 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rogers Group put in about $3,693 per active participant, more than the typical peer ($2,062). 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 | $10,819,804 |
| Participant (employee) contributions | $14,497,732 |
| Other contributions (incl. rollovers in) | $1,293,567 |
| Administrative expenses paid from the plan | $222,575 |
| Investment advisory & management fees | $14,673 |
| Benefits paid out | $25,277,575 |
| Net assets, start / end of year | $179.4M / $205.9M |
| Active participants, start / end of year | 2,822 / 3,037 |
| Participants with account balances | 3,487 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $192,235 reported compensation |
| Kraft Cpas PLLC | $30,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160834NAL0013494320001, received 2025-10-10, EIN 35-1418333, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.