Apple Central, LLC 401(k) Review & Grade
Apple Central 401(k) Plan
Atlanta, GAAccommodation & Food Services4,494 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$45Employer $ per active participant
$89Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$4.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score3 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 18th |
| Employee saving | 2th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($105,095 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $22,378 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Apple Central put in about $45 per active participant, below the typical peer ($244). 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.
- Direct plan expenses (0.37% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $202,469 |
| Participant (employee) contributions | $399,172 |
| Other contributions (incl. rollovers in) | $1,027 |
| Administrative expenses paid from the plan | $15,299 |
| Other admin expenses | $3,750 |
| Benefits paid out | $464,449 |
| Net assets, start / end of year | $3.9M / $4.5M |
| Active participants, start / end of year | 4,122 / 4,867 |
| Participants with account balances | 143 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $11,549 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015103717NAL0005820112001, received 2025-10-15, EIN 45-5318698, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.