Plan Ledger DOL Form 5500 · updated monthly

Mid-Cumberland Community Action Age401(k)

MID-CUMBERLAND COMMUNITY ACTION AGENCY 401(K) PLAN · MT. JULIET, TN · plan year 2024

Reported admin expense ratio · 2024
1.09%

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

Mid-Cumberland Community Action Age reported $42,725 in plan administrative expenses for 2024: 1.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,776 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 rose from 0.59% to 1.09%. 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 (1,136th of 1,496), and 2,443rd of 3,341 in other services. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has grown from 178 to 202 since 2022.

Plan summary
Net assets, end of year$4,187,937
Participants with balances233
Active participants202
Employer contributions$358,707
Employee contributions$243,785
Employer contribution per active participant$1,776
Average account balance$17,974
Benefits paid to participants$585,299
Plan auditUnmodified (clean) audit opinion
AuditorSTONE, RUDOLPH, AND HENRY
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 233 accts · $359K emplr
2023$3.7M · 195 accts · $333K emplr
2022$2.9M · 201 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,248
Trustee / custodial$36,477
Total administrative$42,725
The Mid-Cumberland Community Action Age 401(k) match · 2024
Employer contribution per active participant$1,776
Median for plans this size$1,313
2024$1,776 per active participant
2023$1,879 per active participant
2022$1,638 per active participant

Mid-Cumberland Community Action Age's 2024 employer contribution ran above 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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Participant communication$6,248
RENASANT BANK · Trustee · Investment advisory (plan)$36,477

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,725 · 1.09%
2023$34,737 · 1.06%
2022$18,293 · 0.59%
Similar plansOther Services · Tennessee
The Memphis Country Club TN$6.6M · 0.07%
Fellowship Bible Church TN$3.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620859072 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.