Plan Ledger DOL Form 5500 · updated monthly

Chattanooga Goodwill Industries, Inc.401(k)

CHATTANOOGA GOODWILL INDUSTRIES, INC. 401(K) PLAN AND TRUST · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
1.50%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Chattanooga Goodwill Industries, Inc. reported $17,587 in plan administrative expenses for 2024: 1.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $292 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.89% to 1.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Tennessee (1,375th of 1,496), and 3,017th of 3,341 in other services. In 2024, employees put in $2.48 for every $1.00 the employer contributed; active participation has grown from 84 to 177 since 2022.

Plan summary
Net assets, end of year$1,283,623
Participants with balances207
Active participants177
Employer contributions$51,715
Employee contributions$128,314
Employer contribution per active participant$292
Average account balance$6,201
Benefits paid to participants$251,739
Plan auditUnmodified (clean) audit opinion
AuditorHENDERSON, HUTCHERSON&MCCULLOUGHPLL
Plan history3
Yearassets · accounts · employer contribution
2024$1.3M · 207 accts · $52K emplr
2023$1.1M · 247 accts · $159K emplr
2022$689K · 99 accts · $41K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,587
Total administrative$17,587
The Chattanooga Goodwill Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$292
Median for plans this size$1,313
2024$292 per active participant
2023$762 per active participant
2022$487 per active participant

Chattanooga Goodwill Industries, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ERISA SERVICES, INC · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$17,587 · 1.50%
2023$21,055 · 2.41%
2022$12,366 · 1.89%
Same employer
Similar plansOther Services · Tennessee
Cars Recon, Inc. TN$1.4M · 0.32%
Advanced Collision, Inc. TN$753K · 1.78%
Servall Termite Company TN$703K · 0.09%
Wildfire LLC TN$663K · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620544853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.