Tarkett Finance Inc. 401(k) Review & Grade
Tarkett 401(k) Plan
Solon, OHManufacturing2,916 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,153Employer $ per active participant
$6,521Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$286.6MNet plan assets, end of year
$93,017Average balance per account
Score breakdown
- Employer generosity22.9 / 5046th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 40th |
| Employee saving | 55th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Tarkett Finance put in about $3,153 per active participant, below the typical peer ($3,452). 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 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 | $9,194,970 |
| Participant (employee) contributions | $19,014,395 |
| Other contributions (incl. rollovers in) | $3,286,660 |
| Administrative expenses paid from the plan | $425,668 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $154,944 |
| Other admin expenses | $32,782 |
| Benefits paid out | $28,504,589 |
| Net assets, start / end of year | $208.4M / $286.6M |
| Active participants, start / end of year | 2,330 / 3,502 |
| Participants with account balances | 3,081 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $238,796 reported compensation |
| Strategic Advisors, Inc. | $114,944 reported compensation |
| Aon Investments USA Inc | $72,781 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010073718NAL0017343970001, received 2025-10-10, EIN 52-2066880, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.