Unaka Company, Inc 401(k) Review & Grade
Unaka Company 401(k) Profit Sharing Plan
Greeneville, TNManagement of Companies727 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,101Employer $ per active participant
$3,121Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$39.5MNet plan assets, end of year
$36,189Average balance per account
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 70th |
| Employee saving | 26th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,089 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Unaka Company put in about $3,101 per active participant, more than the typical peer ($2,492). 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 | $2,254,121 |
| Participant (employee) contributions | $2,269,128 |
| Other contributions (incl. rollovers in) | $110,559 |
| Administrative expenses paid from the plan | $44,857 |
| Benefits paid out | $4,699,776 |
| Net assets, start / end of year | $35.6M / $39.5M |
| Active participants, start / end of year | 732 / 722 |
| Participants with account balances | 1,092 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pugh & Company |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $44,857 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007115825NAL0008079552002, received 2025-10-07, EIN 62-0506766, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.