Plan Ledger DOL Form 5500 · updated monthly

Generations-Gaither, Inc.401(k)

GENERATIONS-GAITHER 401(K) PLAN · MCMINNVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.68%

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

Generations-Gaither, Inc. reported $21,747 in plan administrative expenses for 2024: 1.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $944 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 3 years on file its reported administrative ratio has held roughly steady near 1.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Tennessee (1,347th of 1,496), and 10,366th of 11,911 in health care & social assistance. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 216 to 260 since 2022.

Plan summary
Net assets, end of year$1,621,732
Participants with balances156
Active participants260
Employer contributions$245,481
Employee contributions$308,792
Employer contribution per active participant$944
Average account balance$10,396
Benefits paid to participants$129,958
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 156 accts · $245K emplr
2023$960K · 150 accts · $246K emplr
2022$381K · 148 accts · $177K emplr
Administrative expenses, itemized · 2024
Investment management$21,747
Total administrative$21,747
The Generations-Gaither, Inc. 401(k) match · 2024
Employer contribution per active participant$944
Median for plans this size$1,313
2024$944 per active participant
2023$976 per active participant
2022$817 per active participant

Generations-Gaither, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20242
TRUIST INVESTMENT SERVICES INC · Investment advisory (participants)$18,372
STONES RIVER CONSULTING, INC.$3,375

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$21,747 · 1.68%
2023$15,381 · 2.29%
2022$6,378 · 1.67%
Similar plansHealth Care & Social Assistance · Tennessee
Psalms, Inc. TN$1.6M · 0.10%
Sertoma Center, Inc. TN$1.6M · 1.05%
The Village at Germantown TN$1.5M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621797872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.