Titan America LLC 401(k) Review & Grade
Titan America LLC 401(k) Retirement Savings Plan
Norfolk, VAManufacturing2,647 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,571Employer $ per active participant
$6,928Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$236.3MNet plan assets, end of year
$77,365Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 50th |
| Employee saving | 59th |
| Peers that auto-enroll | 70% |
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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
- Titan America put in about $2,571 per active participant, below the typical peer ($3,452). 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.
- 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 | $6,805,894 |
| Participant (employee) contributions | $18,338,877 |
| Other contributions (incl. rollovers in) | $386,202 |
| Administrative expenses paid from the plan | $277,953 |
| Other admin expenses | $63,416 |
| Benefits paid out | $31,267,198 |
| Net assets, start / end of year | $215.8M / $236.3M |
| Active participants, start / end of year | 2,553 / 2,741 |
| Participants with account balances | 3,054 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, PC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $187,537 reported compensation |
| Aon | $57,657 reported compensation |
| Bdo USA, PC | $27,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902134450NAL0024524352001, received 2025-09-02, EIN 98-0124782, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.