Bath Fitter Tennessee, Inc. 401(k) Review & Grade
Bath Fitter USA Retirement Plan
Springfield, TNManufacturing562 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,980Employer $ per active participant
$3,691Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$27.4MNet plan assets, end of year
$33,192Average balance per account
Score breakdown
- Employer generosity21.5 / 5043th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 15th |
| Employee saving | 33th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,942 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bath Fitter Tennessee put in about $1,980 per active participant, below the typical peer ($2,320). 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 (0.66% of assets) are well above similar-size plans (0.23%). 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 | $1,111,578 |
| Participant (employee) contributions | $2,072,435 |
| Other contributions (incl. rollovers in) | $266,704 |
| Administrative expenses paid from the plan | $167,188 |
| Contract administrator fees | $116,216 |
| Investment advisory & management fees | $50,972 |
| Benefits paid out | $2,612,197 |
| Net assets, start / end of year | $23.4M / $27.4M |
| Active participants, start / end of year | 588 / 535 |
| Participants with account balances | 824 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gallagher Flynn & Company |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924083254NAL0006517777001, received 2025-09-24, EIN 62-1811549, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.