Memphis Horizons Enterprises401(k)
MEMPHIS HORIZONS ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST · BRUNSWICK, TN · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Memphis Horizons Enterprises reported $837 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,265 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 0.32% to 0.09%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Tennessee (1,387th of 1,496), and 2,150th of 2,534 in administrative & support services. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves; active participation has shrunk from 129 to 106 since 2022.
Memphis Horizons Enterprises's 2024 employer contribution ran above the $540 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 621140016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.