Topre America Corporation 401(k) Review & Grade
Topre America Corporation 401(k) Retirement Plan
Cullman, ALManufacturing2,344 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$678Employer $ per active participant
$1,265Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$26.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.0 / 5010th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 23th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Topre America put in about $678 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.51% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,589,691 |
| Participant (employee) contributions | $2,965,153 |
| Other contributions (incl. rollovers in) | $104,232 |
| Administrative expenses paid from the plan | $124,460 |
| Contract administrator fees | $9,082 |
| Investment advisory & management fees | $35,198 |
| Benefits paid out | $3,404,902 |
| Net assets, start / end of year | $22.3M / $26.8M |
| Active participants, start / end of year | 2,063 / 2,625 |
| Participants with account balances | 771 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Black & Pinckard LLC |
Largest service providers (Schedule C)
| Fidelity Workplace Services LLC | $89,263 reported compensation |
| Commonwealth Financial Network | $35,198 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820072713NAL0002985441001, received 2025-08-20, EIN 98-0380782, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.