Transcon Builders, Inc. 401(k) Review & Grade
Tbi Employee Profit Sharing 401(k) Plan
Bedford Heights, OHHealth Care & Social Assistance552 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$198Employer $ per active participant
$1,590Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$12.2MNet plan assets, end of year
$19,743Average balance per account
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 12th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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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
- Transcon Builders put in about $198 per active participant, below the typical peer ($976). 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 (0.71% 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 | $109,520 |
| Participant (employee) contributions | $877,584 |
| Other contributions (incl. rollovers in) | $54,717 |
| Administrative expenses paid from the plan | $84,552 |
| Investment advisory & management fees | $28,700 |
| Benefits paid out | $1,630,920 |
| Net assets, start / end of year | $11.5M / $12.2M |
| Active participants, start / end of year | 405 / 699 |
| Participants with account balances | 616 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,852 reported compensation |
| NFP Retirement Inc | $28,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014074349NAL0001083603001, received 2025-10-14, EIN 34-0900700, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.