Smyrna Ready Mix Concrete, LLC 401(k) Review & Grade
Smyrna Ready Mix 401(k) Profit Sharing Plan and Trust
Murfreesboro, TNManufacturing3,990 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,503Employer $ per active participant
$4,505Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$119.9MNet plan assets, end of year
$26,218Average balance per account
Score breakdown
- Employer generosity25.7 / 5051th percentile for employer $ per participant
- Low cost2.1 / 258th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 8th |
| Employee saving | 30th |
| Peers that auto-enroll | 70% |
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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
- Smyrna Ready Mix Concrete put in about $3,503 per active participant, more than the typical peer ($3,452). 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 (0.67% 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 | $13,974,217 |
| Participant (employee) contributions | $17,973,746 |
| Other contributions (incl. rollovers in) | $5,576,940 |
| Administrative expenses paid from the plan | $677,462 |
| Contract administrator fees | $677,462 |
| Benefits paid out | $12,247,057 |
| Net assets, start / end of year | $83.0M / $119.9M |
| Active participants, start / end of year | 4,092 / 3,887 |
| Participants with account balances | 4,574 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Capital Group Retirement Plan S | $350,033 reported compensation |
| Stones River Consulting | $146,354 reported compensation |
| Cetera Investment Advisers LLC | $101,395 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155845NAL0002709859001, received 2025-10-15, EIN 62-1850770, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.