Tecta America Corp. 401(k) Review & Grade
Tecta America Corp. Profit Sharing and 401(k) Plan
Rosemont, ILConstruction3,748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,244Employer $ per active participant
$3,103Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$188.8MNet plan assets, end of year
$83,556Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 32th |
| Employee saving | 31th |
| Peers that auto-enroll | 57% |
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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 ($167,653 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
- Tecta America put in about $1,244 per active participant, below the typical peer ($1,965). 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). 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 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 | $4,664,243 |
| Participant (employee) contributions | $11,628,290 |
| Other contributions (incl. rollovers in) | $6,595,353 |
| Administrative expenses paid from the plan | $378,950 |
| Contract administrator fees | $285,966 |
| Investment advisory & management fees | $92,984 |
| Benefits paid out | $18,426,285 |
| Net assets, start / end of year | $162.2M / $188.8M |
| Active participants, start / end of year | 3,648 / 3,848 |
| Participants with account balances | 2,260 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $299,991 reported compensation |
| Fiducient Advisors LLC | $92,984 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094547NAL0001052897001, received 2025-10-13, EIN 84-1505685, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.