Georgia Aquarium, Inc. 401(k) Review & Grade
Georgia Aquarium, Inc. 401(k) Plan
Atlanta, GAArts, Entertainment & Recreation557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,234Employer $ per active participant
$3,200Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$21.5MNet plan assets, end of year
$28,577Average balance per account
Score breakdown
- Employer generosity29.2 / 5058th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 27th |
| Employee saving | 67th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $4 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Georgia Aquarium put in about $1,234 per active participant, more than the typical peer ($995). 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.
- Direct plan expenses (0.44% 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.
- 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 | $687,382 |
| Participant (employee) contributions | $1,782,263 |
| Other contributions (incl. rollovers in) | $106,235 |
| Administrative expenses paid from the plan | $87,286 |
| Investment advisory & management fees | $34,609 |
| Benefits paid out | $1,432,436 |
| Net assets, start / end of year | $17.8M / $21.5M |
| Active participants, start / end of year | 537 / 577 |
| Participants with account balances | 752 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moore Stephens Tiller LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $52,677 reported compensation |
| Onedigital Investment Advisors LLC | $23,286 reported compensation |
| Empower Advisory Group, LLC | $8,437 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007092310NAL0004553009001, received 2025-10-07, EIN 58-2574918, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.