Tenable Inc. 401(k) Review & Grade
Tenable Inc. 401(k) Plan and Trust
Columbia, MDInformation1,064 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,583Employer $ per active participant
$16,905Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$202.6MNet plan assets, end of year
$141,087Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 84th |
| Employee saving | 93th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,552 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tenable put in about $6,583 per active participant, more than the typical peer ($2,829). 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 | $7,000,489 |
| Participant (employee) contributions | $17,978,211 |
| Other contributions (incl. rollovers in) | $3,530,005 |
| Administrative expenses paid from the plan | $111,750 |
| Investment advisory & management fees | $74,963 |
| Benefits paid out | $18,369,270 |
| Net assets, start / end of year | $165.4M / $202.6M |
| Active participants, start / end of year | 1,098 / 1,029 |
| Participants with account balances | 1,436 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Creative Planning LLC | $74,963 reported compensation |
| Fidelity Investments Institutional | $36,787 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014152731NAL0004391536001, received 2025-10-14, EIN 03-0486428, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.