Garney Holding Company 401(k) Review & Grade
Garney Holding Company Employee Stock Ownership Plan and Trust
North Kansas City, MOConstruction2,270 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$18,143Employer $ per active participant
$5,455Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$646,347Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 99th |
| Employee saving | 71th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Garney Holding put in about $18,143 per active participant, more than the typical peer ($1,672). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $41,176,556 |
| Participant (employee) contributions | $12,380,419 |
| Other contributions (incl. rollovers in) | $1,195,381 |
| Administrative expenses paid from the plan | $40,345 |
| Investment advisory & management fees | $40,345 |
| Benefits paid out | $73,554,780 |
| Net assets, start / end of year | $1.4B / $1.7B |
| Active participants, start / end of year | 2,149 / 2,390 |
| Participants with account balances | 2,582 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $1,095,000,000 |
Largest service providers (Schedule C)
| Vanguard Group, Inc. | $268,895 reported compensation |
| Resource Investment Advisors | $67,973 reported compensation |
| Onedigital | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013143255NAL0002197072001, received 2025-10-13, EIN 43-0990829, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.