Plan Ledger DOL Form 5500 · updated monthly

Tate Ornamental, Inc.401(k)

TATE ORNAMENTAL 401(K) PLAN · WHITE HOUSE, TN · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Tate Ornamental, Inc. reported $58,785 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,782 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 0.84% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Tennessee (980th of 1,496), and 10,373rd of 13,661 in manufacturing. In 2024, employees put in $1.62 for every $1.00 the employer contributed; active participation has grown from 149 to 183 since 2022.

Plan summary
Net assets, end of year$6,626,622
Participants with balances134
Active participants183
Employer contributions$326,027
Employee contributions$528,950
Employer contribution per active participant$1,782
Average account balance$49,452
Benefits paid to participants$979,259
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 134 accts · $326K emplr
2023$6.1M · 123 accts · $261K emplr
2022$5.3M · 114 accts · $245K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,604
Investment management$23,181
Total administrative$58,785
The Tate Ornamental, Inc. 401(k) match · 2024
Employer contribution per active participant$1,782
Median for plans this size$1,313
2024$1,782 per active participant
2023$1,516 per active participant
2022$1,643 per active participant

Tate Ornamental, Inc.'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 · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,584
EDWARD D. JONES & CO., L.P. · Investment advisory (participants)$21,928
WILSHIRE ASSOCIATE INC (USA) · Investment advisory (participants)$1,253

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$58,785 · 0.92%
2023$49,120 · 0.86%
2022$47,348 · 0.84%
Same employer
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Tadano Mantis Corporation TN$7.0M · 0.08%
Ole Smoky Distillery, LLC TN$7.0M · 0.23%
Microporous, LLC TN$6.9M · 0.25%
Protomet Corporation TN$6.7M · 0.63%
Enovate Medical TN$6.5M · 0.88%
Storm Manufacturing Inc. TN$6.5M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621578663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.