Site Organic LLC 401(k) Review & Grade
Ministry Brands 401(k) Plan
Knoxville, TNInformation595 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,068Employer $ per active participant
$5,059Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$24.0MNet plan assets, end of year
$41,079Average balance per account
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost3.6 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 15th |
| Employee saving | 22th |
| Peers that auto-enroll | 59% |
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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
- Site Organic put in about $1,068 per active participant, below the typical peer ($2,829). 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 (0.66% 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 | $635,251 |
| Participant (employee) contributions | $3,010,093 |
| Other contributions (incl. rollovers in) | $1,190,636 |
| Administrative expenses paid from the plan | $142,425 |
| Investment advisory & management fees | $60,874 |
| Benefits paid out | $2,593,261 |
| Net assets, start / end of year | $19.1M / $24.0M |
| Active participants, start / end of year | 616 / 574 |
| Participants with account balances | 584 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith+brown, PC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $54,886 reported compensation |
| Alliant Insurance Services Inc | $32,214 reported compensation |
| Withum Smith Brown PC | $27,664 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142327NAL0003008193001, received 2025-10-14, EIN 46-1145297, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.