Therapy Management Corporation 401(k) Review & Grade
TMC 401(k) Retirement Savings Plan
Homosassa, FLHealth Care & Social Assistance1,217 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$645Employer $ per active participant
$3,132Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$46.5MNet plan assets, end of year
$24,447Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 19th |
| Employee saving | 58th |
| Peers that auto-enroll | 36% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Therapy Management put in about $645 per active participant, below the typical peer ($976). 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 (0.57% 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 | $784,676 |
| Participant (employee) contributions | $3,812,026 |
| Other contributions (incl. rollovers in) | $236,303 |
| Administrative expenses paid from the plan | $246,857 |
| Contract administrator fees | $173,871 |
| Investment advisory & management fees | $63,854 |
| Benefits paid out | $3,703,137 |
| Net assets, start / end of year | $39.8M / $46.5M |
| Active participants, start / end of year | 1,137 / 1,297 |
| Participants with account balances | 1,904 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C |
Largest service providers (Schedule C)
| Fiduciary Consulting Group, Inc | $93,653 reported compensation |
| Ameritas Life Insurance Corp | $80,218 reported compensation |
| Freegulliver, LLC. | $42,569 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260203125047NAL0004042752001, received 2026-02-03, EIN 65-1197416, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.