SNF Holding Company 401(k) Review & Grade
SNF Holding Company 401(k) Retirement Plan
Riceboro, GAManagement of Companies2,152 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,805Employer $ per active participant
$6,142Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$182.5MNet plan assets, end of year
$98,673Average balance per account
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 60th |
| Employee saving | 54th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,444 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- SNF Holding put in about $1,805 per active participant, below the typical peer ($2,492). 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.
- 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 | $3,884,363 |
| Participant (employee) contributions | $13,214,406 |
| Other contributions (incl. rollovers in) | $1,603,656 |
| Administrative expenses paid from the plan | $281,261 |
| Contract administrator fees | $281,261 |
| Benefits paid out | $11,586,258 |
| Net assets, start / end of year | $155.7M / $182.5M |
| Active participants, start / end of year | 2,110 / 2,193 |
| Participants with account balances | 1,850 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holland, Bromley, Barnhill & Brett, |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $281,261 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010095531NAL0007469745001, received 2025-10-10, EIN 51-0329277, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.