Plan Ledger DOL Form 5500 · updated monthly

The Orange Grove Center, Inc.401(k)

401(K) PROFIT SHARING PLAN FOR ORANGE GROVE CENTER, INC. · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

The Orange Grove Center, Inc. reported $14,852 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $573 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 0.17% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Tennessee (756th of 1,496), and the 1,440th of 3,341 in other services. In 2024, employees put in $1.78 for every $1.00 the employer contributed; active participation has grown from 545 to 622 since 2022.

Plan summary
Net assets, end of year$12,607,656
Participants with balances340
Active participants622
Employer contributions$356,202
Employee contributions$635,619
Employer contribution per active participant$573
Average account balance$37,081
Benefits paid to participants$1,038,429
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON HICKEY & MURCHISON, PC
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 340 accts · $356K emplr
2023$11.3M · 405 accts · $353K emplr
2022$10.0M · 382 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,852
Total administrative$14,852
The The Orange Grove Center, Inc. 401(k) match · 2024
Employer contribution per active participant$573
Median for plans this size$2,416
2024$573 per active participant
2023$735 per active participant
2022$634 per active participant

The Orange Grove Center, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

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 · 20241
AMERICAN UNITED LIFE INSURANCE CO. · Recordkeeping · Loan processing$20,508

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$14,852 · 0.12%
2023$17,104 · 0.16%
2022$16,800 · 0.17%
Same employer
Similar plansOther Services · Tennessee
Tennessee Tractor, LLC TN$16.8M · 0.44%
Adventurous Journeys LLC TN$8.8M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620549365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.