Thompson Holdings, Inc. 401(k) Review & Grade
Thompson Holdings, Inc. 401(k) and Employee Stock Ownership Plan
Mobile, ALProfessional, Scientific & Technical Services520 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,442Employer $ per active participant
$6,344Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$104.9MNet plan assets, end of year
$146,923Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 53th |
| Employee saving | 32th |
| Peers that auto-enroll | 48% |
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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 ($467,111 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,482 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thompson Holdings put in about $4,442 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.
- 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 | $2,312,291 |
| Participant (employee) contributions | $3,301,865 |
| Other contributions (incl. rollovers in) | $1,155,907 |
| Administrative expenses paid from the plan | $184,871 |
| Investment advisory & management fees | $184,871 |
| Benefits paid out | $8,746,853 |
| Net assets, start / end of year | $73.1M / $104.9M |
| Active participants, start / end of year | 523 / 518 |
| Participants with account balances | 714 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett, LLC |
| Employer stock held by plan | $79,215,775 |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $71,000 reported compensation |
| Raymond James & Associates, Inc. | $62,881 reported compensation |
| Empower Annuity Insurance Company | $31,629 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140008NAL0004754465001, received 2025-10-15, EIN 72-1381313, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.