Tekni-Plex, Inc. 401(k) Review & Grade
Tekni-Plex, Inc. 401(k) Plan
Wayne, PAManufacturing2,550 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,093Employer $ per active participant
$4,313Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$179.8MNet plan assets, end of year
$77,758Average balance per account
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 19th |
| Employee saving | 29th |
| 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
- Tekni-Plex put in about $2,093 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.
- Direct plan expenses (0.35% 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 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 | $5,336,728 |
| Participant (employee) contributions | $10,996,687 |
| Other contributions (incl. rollovers in) | $3,600,704 |
| Administrative expenses paid from the plan | $595,534 |
| Contract administrator fees | $338,826 |
| Benefits paid out | $21,321,683 |
| Net assets, start / end of year | $159.9M / $179.8M |
| Active participants, start / end of year | 2,599 / 2,500 |
| Participants with account balances | 2,312 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ross & Company, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $415,510 reported compensation |
| Mma Securities LLC | $100,147 reported compensation |
| RSM US LLP | $43,837 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013150607NAL0001482785001, received 2025-10-13, EIN 22-3286312, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.