John H. Carter Co., Inc. 401(k) Review & Grade
John H. Carter Co., Inc. 401(k) Profit Sharing Plan
Baton Rouge, LAWholesale Trade761 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3Employer $ per active participant
$5,237Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$45.1MNet plan assets, end of year
$55,241Average balance per account
Score breakdown
- Employer generosity0.8 / 502th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 37th |
| Employee saving | 59th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $146,727 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- John H. Carter Co. put in about $3 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.
- 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 | $2,635 |
| Participant (employee) contributions | $3,985,126 |
| Other contributions (incl. rollovers in) | $722,850 |
| Administrative expenses paid from the plan | $140,794 |
| Other admin expenses | $67,500 |
| Benefits paid out | $4,769,645 |
| Net assets, start / end of year | $39.5M / $45.1M |
| Active participants, start / end of year | 719 / 803 |
| Participants with account balances | 816 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $73,294 reported compensation |
| Capfinancial Partners LLC | $67,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002084605NAL0000758690001, received 2025-10-02, EIN 72-0494338, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.