Tireco, Inc. 401(k) Review & Grade
Tireco, Inc. 401(k) Profit Sharing Plan
Gardena, CAWholesale Trade660 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,307Employer $ per active participant
$4,421Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$45.5MNet plan assets, end of year
$46,996Average balance per account
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost21.2 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 85th |
| Employee saving | 46th |
| Peers that auto-enroll | 53% |
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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 ($154 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $20,199 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tireco put in about $1,307 per active participant, below the typical peer ($1,792). 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.
- 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 | $862,272 |
| Participant (employee) contributions | $2,915,404 |
| Other contributions (incl. rollovers in) | $78,121 |
| Administrative expenses paid from the plan | $24,997 |
| Investment advisory & management fees | $37,500 |
| Benefits paid out | $4,347,884 |
| Net assets, start / end of year | $39.2M / $45.5M |
| Active participants, start / end of year | 571 / 748 |
| Participants with account balances | 969 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Monarch Plan Advisors | $37,500 reported compensation |
| Cohn Reznick | $14,700 reported compensation |
| Fidelity Investments Institutional | −$27,203 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006110136NAL0003529569001, received 2025-10-06, EIN 95-4788769, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.