Texas Disposal Systems Inc. 401(k) Review & Grade
Texas Disposal Systems, Inc. 401(k) Profit Sharing Plan
Austin, TXUtilities1,115 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,690Employer $ per active participant
$4,431Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$44.6MNet plan assets, end of year
$29,415Average balance per account
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 32th |
| Employee saving | 4th |
| Peers that auto-enroll | 76% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $24,100 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Texas Disposal Systems put in about $1,690 per active participant, below the typical peer ($6,264). 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 (0.38% of assets) are well above similar-size plans (0.23%). 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 | $1,884,104 |
| Participant (employee) contributions | $4,940,029 |
| Other contributions (incl. rollovers in) | $30,771 |
| Administrative expenses paid from the plan | $160,394 |
| Contract administrator fees | $132,921 |
| Investment advisory & management fees | $27,473 |
| Benefits paid out | $6,174,321 |
| Net assets, start / end of year | $39.5M / $44.6M |
| Active participants, start / end of year | 1,097 / 1,133 |
| Participants with account balances | 1,516 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $132,921 reported compensation |
| Gallagher Benefit Services | $27,473 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251105141130NAL0007715283001, received 2025-11-05, EIN 75-1579711, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.