Capital City Bank Group, Inc. 401(k) Review & Grade
Capital City Bank Group, Inc. 401(k) Plan
Tallahassee, FLManagement of Companies812 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,300Employer $ per active participant
$5,067Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$56.8MNet plan assets, end of year
$56,332Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 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 | 46th |
| Lower admin cost | 43th |
| Employee saving | 42th |
| Peers that auto-enroll | 58% |
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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 ($9,801 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Capital City Bank Group put in about $2,300 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,866,732 |
| Participant (employee) contributions | $4,111,952 |
| Other contributions (incl. rollovers in) | $172,937 |
| Administrative expenses paid from the plan | $145,855 |
| Investment advisory & management fees | $34,000 |
| Benefits paid out | $4,413,727 |
| Net assets, start / end of year | $48.1M / $56.8M |
| Active participants, start / end of year | 822 / 801 |
| Participants with account balances | 1,008 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $2,665,825 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $111,855 reported compensation |
| Global Retirement Partners LLC | $25,500 reported compensation |
| Wellth Advisory Services LLC | $8,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801092326NAL0003704243001, received 2025-08-01, EIN 59-2273542, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.