Tom James Company 401(k) Review & Grade
Tom James Company 401(k) and Profit Sharing Plan
Franklin, TNRetail Trade1,272 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,086Employer $ per active participant
$4,356Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$126.2MNet plan assets, end of year
$70,405Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost13.7 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 55th |
| Employee saving | 71th |
| 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
- Tom James put in about $2,086 per active participant, more than the typical peer ($743). 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 | $2,654,230 |
| Participant (employee) contributions | $5,543,142 |
| Other contributions (incl. rollovers in) | $643,126 |
| Administrative expenses paid from the plan | $238,825 |
| Investment advisory & management fees | $226,030 |
| Benefits paid out | $12,146,150 |
| Net assets, start / end of year | $114.4M / $126.2M |
| Active participants, start / end of year | 1,294 / 1,251 |
| Participants with account balances | 1,793 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Soltis Investment Advisors | $207,946 reported compensation |
| Schwab Retirement Plan Services,inc | $12,795 reported compensation |
| Hamilton Capital LLC | $8,858 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125121NAL0002320707002, received 2025-10-15, EIN 35-1285878, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.