TMF Health Quality Institute 401(k) Review & Grade
TMF Health Quality Institute 401(k) Retirement Savings Plan
Austin, TXProfessional, Scientific & Technical Services611 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,995Employer $ per active participant
$6,496Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$79.2MNet plan assets, end of year
$93,311Average balance per account
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 87th |
| Employee saving | 32th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,152 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- TMF Health Quality Institute put in about $5,995 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.
- 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 | $3,662,879 |
| Participant (employee) contributions | $3,969,303 |
| Other contributions (incl. rollovers in) | $347,803 |
| Administrative expenses paid from the plan | $38,240 |
| Investment advisory & management fees | $67,696 |
| Benefits paid out | $6,095,782 |
| Net assets, start / end of year | $67.5M / $79.2M |
| Active participants, start / end of year | 510 / 712 |
| Participants with account balances | 849 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert |
Largest service providers (Schedule C)
| Swbc Investment Advisory Service | $52,717 reported compensation |
| Strategic Advisors, Inc. | $14,979 reported compensation |
| Fidelity Investments Institutional | −$29,456 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010171956NAL0004823075001, received 2025-10-10, EIN 52-1002260, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.