Elliott Davis, LLC 401(k) Review & Grade
Elliott Davis 401(k) Retirement Plan
Greenville, SCProfessional, Scientific & Technical Services822 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,395Employer $ per active participant
$9,482Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$145.5MNet plan assets, end of year
$131,519Average balance per account
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost23.9 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 95th |
| Employee saving | 54th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,259 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Elliott Davis put in about $3,395 per active participant, more than the typical peer ($3,082). 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.
- 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 | $2,788,711 |
| Participant (employee) contributions | $7,789,090 |
| Other contributions (incl. rollovers in) | $950,217 |
| Administrative expenses paid from the plan | $27,827 |
| Other admin expenses | $5,000 |
| Benefits paid out | $19,444,382 |
| Net assets, start / end of year | $135.4M / $145.5M |
| Active participants, start / end of year | 757 / 886 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Resj, PC |
Largest service providers (Schedule C)
| Resj | $15,750 reported compensation |
| Comperio Retirement Consulting Inc | $5,000 reported compensation |
| Fidelity Investments Institutional | $4,077 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260306092306NAL0008112016001, received 2026-03-06, EIN 57-0381582, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.