Plan Ledger DOL Form 5500 · updated monthly

Pinnacle Financial Corporation401(k)

PINNACLE FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN · ELBERTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Pinnacle Financial Corporation reported $104,636 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,581 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 0.42% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 675th-largest of 2,160 plans among Georgia employers on file, and 2,439th of 4,798 in finance & insurance. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,490,895
Participants with balances368
Active participants329
Employer contributions$849,064
Employee contributions$1,633,239
Employer contribution per active participant$2,581
Average account balance$80,138
Benefits paid to participants$1,405,100
Plan auditUnmodified (clean) audit opinion
AuditorMAULDIN AND JENKINS
Plan history3
Yearassets · accounts · employer contribution
2024$29.5M · 368 accts · $849K emplr
2023$25.0M · 361 accts · $838K emplr
2022$20.7M · 345 accts · $686K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,261
Total administrative$104,636
The Pinnacle Financial Corporation 401(k) match · 2024
Employer contribution per active participant$2,581
Median for plans this size$2,416
2024$2,581 per active participant
2023$2,531 per active participant
2022$2,192 per active participant

Pinnacle Financial Corporation's 2024 employer contribution ran above the $2,416 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
IFG ADVISORYindirect comp
RETIREMENT BENEFIT SOLUTIONS · 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$104,636 · 0.38%
2023$90,372 · 0.39%
2022$92,752 · 0.42%
Same employer
Similar plansFinance & Insurance · Georgia
Colony Bankcorp, Inc. GA$34.3M · 0.50%
Thomasville National Bank GA$33.4M · 0.09%
Morris Bank GA$31.9M
Angel Oak Companies LP GA$28.8M · 0.28%
Angel Oak Companies GA$28.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581538862 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.