Plan Ledger DOL Form 5500 · updated monthly

Tennessee State Bank401(k)

TENNESSEE STATE BANK RETIREMENT PLAN · PIGEON FORGE, TN · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Tennessee State Bank reported $67,245 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,622 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 0.54% to 0.49%. 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 698th-largest of 1,496 plans among Tennessee employers on file, and 3,556th of 4,798 in finance & insurance. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,331,975
Participants with balances225
Active participants206
Employer contributions$334,133
Employee contributions$788,319
Employer contribution per active participant$1,622
Average account balance$63,698
Benefits paid to participants$1,521,070
Plan auditUnmodified (clean) audit opinion
AuditorCOULTER & JUSTUS, P. C.
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 225 accts · $334K emplr
2023$13.3M · 206 accts · $309K emplr
2022$11.2M · 190 accts · $258K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,245
Total administrative$67,245
The Tennessee State Bank 401(k) match · 2024
Employer contribution per active participant$1,622
Median for plans this size$2,416
2024$1,622 per active participant
2023$1,616 per active participant
2022$1,316 per active participant

Tennessee State Bank's 2024 employer contribution ran below 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$67,245
FNBB CAPITAL MARKETS, LLC · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$67,245 · 0.49%
2023$57,924 · 0.47%
2022$63,394 · 0.54%
Same employer
Similar plansFinance & Insurance · Tennessee
The Plateau Group, Inc. TN$15.2M · 0.04%
The Bank of Fayette County TN$12.7M · 0.14%
First Federal Bank TN$12.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620866803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.