Titan Machinery, Inc. 401(k) Review & Grade
Titan Machinery Inc. 401(k) Profit Sharing Plan
West Fargo, NDRetail Trade2,410 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,895Employer $ per active participant
$7,114Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$248.9MNet plan assets, end of year
$81,050Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 75th |
| Employee saving | 96th |
| Peers that auto-enroll | 48% |
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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 Machinery put in about $2,895 per active participant, more than the typical peer ($743). 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.
- 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 | $6,977,149 |
| Participant (employee) contributions | $17,144,471 |
| Other contributions (incl. rollovers in) | $2,613,379 |
| Administrative expenses paid from the plan | $225,303 |
| Investment advisory & management fees | $80,407 |
| Benefits paid out | $20,863,229 |
| Net assets, start / end of year | $214.2M / $248.9M |
| Active participants, start / end of year | 2,362 / 2,458 |
| Participants with account balances | 3,071 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $144,896 reported compensation |
| Sageview Advisory Group, LLC | $80,407 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917150154NAL0000796786001, received 2025-09-17, EIN 45-0357838, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.