Playcore, Inc. 401(k) Review & Grade
Playcore 401(k) Plan
Chattanooga, TNManufacturing3,498 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,620Employer $ per active participant
$2,728Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$146.1MNet plan assets, end of year
$42,248Average balance per account
Score breakdown
- Employer generosity10.4 / 5021th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 95th |
| Employee saving | 13th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($32,970 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Playcore put in about $1,620 per active participant, below the typical peer ($3,452). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,666,649 |
| Participant (employee) contributions | $9,542,774 |
| Other contributions (incl. rollovers in) | $1,863,149 |
| Administrative expenses paid from the plan | $22,577 |
| Benefits paid out | $11,605,733 |
| Net assets, start / end of year | $118.6M / $146.1M |
| Active participants, start / end of year | 2,958 / 4,039 |
| Participants with account balances | 3,458 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $316,366 reported compensation |
| Empower Advisory Group, LLC | $7,381 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150622NAL0000742915001, received 2025-10-13, EIN 39-1720480, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.