Traditions Spirits Inc 401(k) Review & Grade
Traditions Spirits Inc 401(k) Plan
Norman, OKAccommodation & Food Services944 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$359Employer $ per active participant
$573Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$2.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.8 / 5060th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 26th |
| Employee saving | 34th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($47,365 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,874 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Traditions Spirits put in about $359 per active participant, more than the typical peer ($266). 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 (0.46% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $338,794 |
| Participant (employee) contributions | $541,337 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $10,752 |
| Benefits paid out | $194,735 |
| Net assets, start / end of year | $1.9M / $2.8M |
| Active participants, start / end of year | 897 / 991 |
| Participants with account balances | 189 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $10,752 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002051743NAL0000077201001, received 2025-10-02, EIN 20-8458527, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.