Savannah Distributing Co., Inc. 401(k) Review & Grade
Savannah Distributing Co. , Inc. 401(k) Plan
Savannah, GAWholesale Trade534 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$972Employer $ per active participant
$2,435Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$18.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.2 / 5022th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 28th |
| Employee saving | 15th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $45,638 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Savannah Distributing Co. put in about $972 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.
- Direct plan expenses (0.43% 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.
- 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 | $519,577 |
| Participant (employee) contributions | $1,301,621 |
| Other contributions (incl. rollovers in) | $4,830 |
| Administrative expenses paid from the plan | $71,830 |
| Contract administrator fees | $28,218 |
| Investment advisory & management fees | $43,612 |
| Benefits paid out | $783,574 |
| Net assets, start / end of year | $15.0M / $18.1M |
| Active participants, start / end of year | 536 / 533 |
| Participants with account balances | 222 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Symphona, LLP |
Largest service providers (Schedule C)
| Fintrust Capital Advisors, LLC | $43,612 reported compensation |
| Stancorp Financial Group | $28,218 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003120423NAL0001353809001, received 2025-10-03, EIN 58-1099631, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.