Highline Warren LLC 401(k) Review & Grade
Highline Warren LLC 401(k) Plan
Memphis, TNWholesale Trade1,398 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,564Employer $ per active participant
$4,324Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$80.5MNet plan assets, end of year
$52,090Average balance per account
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 76th |
| Employee saving | 44th |
| Peers that auto-enroll | 53% |
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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
- Highline Warren put in about $1,564 per active participant, below the typical peer ($1,792). 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 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 | $2,185,882 |
| Participant (employee) contributions | $6,042,233 |
| Other contributions (incl. rollovers in) | $811,101 |
| Administrative expenses paid from the plan | $71,356 |
| Contract administrator fees | $71,356 |
| Benefits paid out | $13,971,888 |
| Net assets, start / end of year | $77.0M / $80.5M |
| Active participants, start / end of year | 1,417 / 1,378 |
| Participants with account balances | 1,545 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Watkins Uiberall, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $122,227 reported compensation |
| Alliancebernstein LP | $112,588 reported compensation |
| Acuff & Associates, Inc. | $30,827 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801075116NAL0006967793001, received 2025-08-01, EIN 85-3672631, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.