TPC Engineering Holdings, Inc. 401(k) Review & Grade
TPC Engineering Holdings, Inc. 401(k) Plan
Twinsburg, OHWholesale Trade788 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,987Employer $ per active participant
$3,502Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$23.7MNet plan assets, end of year
$27,105Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 36th |
| Employee saving | 31th |
| Peers that auto-enroll | 53% |
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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
- TPC Engineering Holdings put in about $1,987 per active participant, more than the typical peer ($1,792). 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 | $1,565,612 |
| Participant (employee) contributions | $2,759,264 |
| Other contributions (incl. rollovers in) | $5,977,062 |
| Administrative expenses paid from the plan | $65,352 |
| Investment advisory & management fees | $35,312 |
| Benefits paid out | $3,754,987 |
| Net assets, start / end of year | $15.0M / $23.7M |
| Active participants, start / end of year | 793 / 783 |
| Participants with account balances | 876 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Morgan Stanley | $34,337 reported compensation |
| Empower Annuity Insurance Company O | $22,993 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144015NAL0002469779001, received 2025-10-15, EIN 87-4037719, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.