Terrascend USA, Inc. 401(k) Review & Grade
Terrascend USA, Inc. 401(k) Savings Plan
Union City, NJAgriculture, Forestry, Fishing & Hunting922 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,094Employer $ per active participant
$1,900Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$10.7MNet plan assets, end of year
$20,298Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 53th |
| Employee saving | 48th |
| Peers that auto-enroll | 36% |
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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 ($242,447 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
- Terrascend USA put in about $1,094 per active participant, more than the typical peer ($774). 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 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 | $1,008,199 |
| Participant (employee) contributions | $1,751,116 |
| Other contributions (incl. rollovers in) | $185,674 |
| Administrative expenses paid from the plan | $20,187 |
| Contract administrator fees | $20,187 |
| Benefits paid out | $2,082,290 |
| Net assets, start / end of year | $8.7M / $10.7M |
| Active participants, start / end of year | 929 / 914 |
| Participants with account balances | 529 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohreznick LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150904NAL0004949809002, received 2025-10-15, EIN 83-2739891, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.