Polyloom Corp of America D/B/A Tencate Grass 401(k) Review & Grade
Tencate Grass Retirement Plan
Dayton, TNManufacturing583 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,776Employer $ per active participant
$4,397Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$24.0MNet plan assets, end of year
$34,978Average balance per account
Score breakdown
- Employer generosity29.8 / 5060th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 80th |
| Employee saving | 43th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Polyloom Corp of America D/B/A Tencate Grass put in about $2,776 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,618,320 |
| Participant (employee) contributions | $2,563,576 |
| Other contributions (incl. rollovers in) | $163,053 |
| Administrative expenses paid from the plan | $16,781 |
| Benefits paid out | $2,897,170 |
| Net assets, start / end of year | $19.6M / $24.0M |
| Active participants, start / end of year | 481 / 685 |
| Participants with account balances | 685 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Merserau, Lazenby & Rockas, LLC |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $16,781 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125034NAL0004892289001, received 2025-10-15, EIN 62-1137748, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.