Taco, Inc. 401(k) Review & Grade
Taco, Inc. Profit Sharing & 401(k) Plan
Cranston, RIManufacturing640 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,241Employer $ per active participant
$8,229Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$107.6MNet plan assets, end of year
$142,012Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 74th |
| Employee saving | 82th |
| Peers that auto-enroll | 59% |
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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
- Taco put in about $2,241 per active participant, below the typical peer ($2,320). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,435,470 |
| Participant (employee) contributions | $5,270,685 |
| Other contributions (incl. rollovers in) | $873,441 |
| Administrative expenses paid from the plan | $101,547 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $40,723 |
| Benefits paid out | $11,200,888 |
| Net assets, start / end of year | $96.7M / $107.6M |
| Active participants, start / end of year | 615 / 666 |
| Participants with account balances | 758 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boivin & Associates Cpas PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $60,824 reported compensation |
| Global Retirement Partners LLC | $25,000 reported compensation |
| Strategic Advisors, Inc. | $15,723 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925142319NAL0007713617001, received 2025-09-25, EIN 05-0250724, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.