TSG Cennox, LLC 401(k) Review & Grade
TSG Cennox, LLC 401(k) Plan
Alpharetta, GAAdministrative, Support & Staffing Services671 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,714Employer $ per active participant
$3,111Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$27.4MNet plan assets, end of year
$48,525Average balance per account
Score breakdown
- Employer generosity37.1 / 5074th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 12th |
| Employee saving | 64th |
| Peers that auto-enroll | 27% |
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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
- TSG Cennox put in about $1,714 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.74% 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 | $1,149,830 |
| Participant (employee) contributions | $2,087,744 |
| Other contributions (incl. rollovers in) | $330,296 |
| Administrative expenses paid from the plan | $200,365 |
| Investment advisory & management fees | $67,602 |
| Other admin expenses | $9,010 |
| Benefits paid out | $6,461,008 |
| Net assets, start / end of year | $27.0M / $27.4M |
| Active participants, start / end of year | 714 / 628 |
| Participants with account balances | 565 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $123,753 reported compensation |
| Alliant Insurance Services Inc. | $67,602 reported compensation |
| Cook Martin Poulson, PC | $22,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133856NAL0004120288001, received 2025-10-14, EIN 84-5114630, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.