TD Bank US Holding Company 401(k) Review & Grade
TD 401(k) Retirement Plan
Portland, MEManagement of Companies31,833 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,221Employer $ per active participant
$7,334Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$6.0BNet plan assets, end of year
$141,537Average balance per account
Score breakdown
- Employer generosity41.5 / 5083th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 88th |
| Employee saving | 66th |
| Peers that auto-enroll | 50% |
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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
- TD Bank US Holding put in about $6,221 per active participant, more than the typical peer ($2,229). 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.
- 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 | $198,025,637 |
| Participant (employee) contributions | $233,461,552 |
| Other contributions (incl. rollovers in) | $36,772,259 |
| Administrative expenses paid from the plan | $1,362,089 |
| Investment advisory & management fees | $128,737 |
| Other admin expenses | $900 |
| Benefits paid out | $438,498,087 |
| Net assets, start / end of year | $4.9B / $6.0B |
| Active participants, start / end of year | 31,654 / 32,012 |
| Participants with account balances | 42,188 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $155,326,392 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $1,236,024 reported compensation |
| Morningstar | $128,737 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010121541NAL0004227267001, received 2025-10-10, EIN 01-0437984, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.