TSG Enterprises, LLC 401(k) Review & Grade
TSG Enterprises 401(k) Plan
Holliston, MAWholesale Trade858 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$622Employer $ per active participant
$1,214Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$8.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score2 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 9th |
| Employee saving | 6th |
| Peers that auto-enroll | 53% |
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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 ($611 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- TSG Enterprises put in about $622 per active participant, below the typical peer ($1,792). 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 (0.85% 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 | $534,014 |
| Participant (employee) contributions | $1,041,221 |
| Other contributions (incl. rollovers in) | $232,590 |
| Administrative expenses paid from the plan | $61,615 |
| Contract administrator fees | $33,207 |
| Investment advisory & management fees | $28,408 |
| Benefits paid out | $264,028 |
| Net assets, start / end of year | $6.0M / $8.5M |
| Active participants, start / end of year | 837 / 879 |
| Participants with account balances | 216 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Newburg & Company, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $33,206 reported compensation |
| First Republic Investment Mgmt | $20,286 reported compensation |
| J.P. Morgan Securities LLC | $8,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723082511NAL0009624530001, received 2025-07-23, EIN 20-2936675, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.