Tbi Airport Management, Inc. 401(k) Review & Grade
Tbi Airport Management, Inc. Employee Savings Plan
Atlanta, GATransportation & Warehousing579 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,982Employer $ per active participant
$3,790Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$36.8MNet plan assets, end of year
$70,003Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 32th |
| Employee saving | 61th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,979 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tbi Airport Management put in about $1,982 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,147,844 |
| Participant (employee) contributions | $2,194,662 |
| Other contributions (incl. rollovers in) | $667,930 |
| Administrative expenses paid from the plan | $133,623 |
| Contract administrator fees | $98,834 |
| Investment advisory & management fees | $34,789 |
| Benefits paid out | $3,965,737 |
| Net assets, start / end of year | $32.9M / $36.8M |
| Active participants, start / end of year | 694 / 464 |
| Participants with account balances | 525 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hutchinson and Bloodgood LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $103,634 reported compensation |
| Wells Fargo Advisors | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104042NAL0005991968001, received 2025-10-15, EIN 51-0398175, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.