TSL Company Holdings, LTD 401(k) Review & Grade
TSL Company Holdings, LTD. Profit Sharing & Savings Plan
Omaha, NETransportation & Warehousing516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,039Employer $ per active participant
$2,837Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$23.5MNet plan assets, end of year
$71,524Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 21th |
| Employee saving | 46th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,578 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- TSL Company Holdings put in about $1,039 per active participant, below the typical peer ($1,070). 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 (0.54% 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.
- 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 | $535,952 |
| Participant (employee) contributions | $1,463,751 |
| Other contributions (incl. rollovers in) | $33,755 |
| Administrative expenses paid from the plan | $122,274 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $3,187,229 |
| Net assets, start / end of year | $21.8M / $23.5M |
| Active participants, start / end of year | 526 / 506 |
| Participants with account balances | 328 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lutz & Company |
Largest service providers (Schedule C)
| Nationwide Insurance | $67,775 reported compensation |
| Da Davidson and Co | $40,000 reported compensation |
| Benefit Plans, Inc. | $14,499 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115937NAL0002829777001, received 2025-10-14, EIN 47-0708244, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.