Tforce Holdings USA, Inc. 401(k) Review & Grade
Tforce Holdings USA, Inc. 401(k) Plan
Dallas, TXTransportation & Warehousing4,307 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,206Employer $ per active participant
$4,243Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$276.4MNet plan assets, end of year
$66,836Average balance per account
Score breakdown
- Employer generosity17.2 / 5034th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 36th |
| Employee saving | 51th |
| Peers that auto-enroll | 46% |
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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 ($86 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $317,284 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tforce Holdings USA put in about $1,206 per active participant, below the typical peer ($1,834). 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 (0.19% 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 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 | $5,194,937 |
| Participant (employee) contributions | $18,273,637 |
| Other contributions (incl. rollovers in) | $2,182,400 |
| Administrative expenses paid from the plan | $512,576 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $65,197 |
| Other admin expenses | $114,481 |
| Benefits paid out | $40,852,596 |
| Net assets, start / end of year | $251.3M / $276.4M |
| Active participants, start / end of year | 3,040 / 5,574 |
| Participants with account balances | 4,136 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallenllp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $288,725 reported compensation |
| Marsh & Mclennan Companies, Inc. | $91,409 reported compensation |
| Strategic Advisors, Inc. | $65,197 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731120348NAL0006011905001, received 2025-07-31, EIN 33-1221977, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.