TPR Education, LLC 401(k) Review & Grade
TPR Education, LLC 401(k) Profit Sharing Plan
New York, NYEducational Services582 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,702Employer $ per active participant
$5,053Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$35.0MNet plan assets, end of year
$56,927Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 32th |
| Employee saving | 78th |
| Peers that auto-enroll | 37% |
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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
- TPR Education put in about $1,702 per active participant, more than the typical peer ($1,225). 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.
- Direct plan expenses (0.39% 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.
- 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 | $989,764 |
| Participant (employee) contributions | $2,938,447 |
| Other contributions (incl. rollovers in) | $435,127 |
| Administrative expenses paid from the plan | $123,501 |
| Investment advisory & management fees | $63,293 |
| Benefits paid out | $2,421,653 |
| Net assets, start / end of year | $28.8M / $35.0M |
| Active participants, start / end of year | 587 / 576 |
| Participants with account balances | 615 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Usi Advisors | $63,293 reported compensation |
| Usi Consulting Group | $60,207 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013110705NAL0001779568001, received 2025-10-13, EIN 45-4924149, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.