Goodwill Industries of the Southern Rivers, Inc. 401(k) Review & Grade
Goodwill Industries Retirement Savings Plan
Columbus, GAHealth Care & Social Assistance604 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$769Employer $ per active participant
$995Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$7.1MNet plan assets, end of year
$17,302Average balance per account
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 35th |
| Employee saving | 21th |
| Peers that auto-enroll | 36% |
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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
- Goodwill Industries of the Southern Rivers put in about $769 per active participant, below the typical peer ($976). 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.
- Direct plan expenses (0.35% 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 | $464,771 |
| Participant (employee) contributions | $601,554 |
| Other contributions (incl. rollovers in) | $28,788 |
| Administrative expenses paid from the plan | $23,150 |
| Contract administrator fees | $23,150 |
| Benefits paid out | $853,872 |
| Net assets, start / end of year | $6.1M / $7.1M |
| Active participants, start / end of year | 644 / 565 |
| Participants with account balances | 412 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Fountain, Arrington, Bass, Mercer |
Largest service providers (Schedule C)
| Empower Annunity Insurance Company | $15,259 reported compensation |
| Ascensus Holdings Inc DBA Futurepla | $6,221 reported compensation |
| Ascensus Inc | $3,374 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010083849NAL0007384721001, received 2025-10-10, EIN 58-6035822, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.