Tanimura & Antle Inc. 401(k) Review & Grade
Tanimura & Antle, Inc. Profit Sharing 401(k) Plan
Salinas, CAAgriculture, Forestry, Fishing & Hunting4,308 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$679Employer $ per active participant
$1,179Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$121.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 47th |
| Employee saving | 16th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($98 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Tanimura & Antle put in about $679 per active participant, below the typical peer ($2,062). Any match is still an instant return, so contribute enough to get all of it.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,925,949 |
| Participant (employee) contributions | $5,081,606 |
| Other contributions (incl. rollovers in) | $942,294 |
| Administrative expenses paid from the plan | $154,960 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $7,961,450 |
| Net assets, start / end of year | $109.2M / $121.6M |
| Active participants, start / end of year | 4,182 / 4,435 |
| Participants with account balances | 2,087 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $101,664 reported compensation |
| Concurrent Investment Advisors LLC | $40,000 reported compensation |
| Clifton Larson Allen Wealth Advisor | $13,296 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014190005NAL0003534641001, received 2025-10-14, EIN 94-2906792, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.