Tenaska, Inc 401(k) Review & Grade
Tenaska Retirement Plan
Omaha, NEProfessional, Scientific & Technical Services798 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,805Employer $ per active participant
$15,503Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$390.4MNet plan assets, end of year
$390,387Average balance per account
Score breakdown
- Employer generosity47.4 / 5095th percentile for employer $ per participant
- Low cost22.6 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 90th |
| Employee saving | 90th |
| Peers that auto-enroll | 48% |
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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
- Tenaska put in about $12,805 per active participant, more than the typical peer ($3,082). 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.
- 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 | $10,218,097 |
| Participant (employee) contributions | $12,371,118 |
| Other contributions (incl. rollovers in) | $1,300,091 |
| Administrative expenses paid from the plan | $144,565 |
| Investment advisory & management fees | $62,587 |
| Benefits paid out | $21,216,203 |
| Net assets, start / end of year | $336.2M / $390.4M |
| Active participants, start / end of year | 778 / 818 |
| Participants with account balances | 1,000 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz & Company, PC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $66,978 reported compensation |
| Qualified Plan Advisors | $37,587 reported compensation |
| Prime Capital Financial | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250805164610NAL0002676448001, received 2025-08-05, EIN 47-0701708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.