E. R. Snell Contractor, Inc. 401(k) Review & Grade
E. R. Snell Contractor, Inc. Profit Sharing Plan
Snellville, GAConstruction1,054 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,021Employer $ per active participant
$2,443Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$56.6MNet plan assets, end of year
$71,940Average balance per account
Score breakdown
- Employer generosity16.3 / 5033th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 49th |
| Employee saving | 29th |
| Peers that auto-enroll | 44% |
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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 ($302,157 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
- E. R. Snell Contractor put in about $1,021 per active participant, below the typical peer ($1,672). 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 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 | $1,076,132 |
| Participant (employee) contributions | $2,574,056 |
| Other contributions (incl. rollovers in) | $1,432,976 |
| Administrative expenses paid from the plan | $126,102 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $71,875 |
| Benefits paid out | $4,734,507 |
| Net assets, start / end of year | $50.1M / $56.6M |
| Active participants, start / end of year | 969 / 1,138 |
| Participants with account balances | 787 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Davis, LLC |
Largest service providers (Schedule C)
| Sugarloaf Wealth Management LLC | $69,625 reported compensation |
| Fidelity Investments Institutional | $54,422 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013164607NAL0001726785001, received 2025-10-13, EIN 58-0807745, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.