Tactile Systems Technology, Inc. 401(k) Review & Grade
Tactile Systems Technology, Inc. 401(k) Plan
Minneapolis, MNManufacturing1,006 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,429Employer $ per active participant
$6,205Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$43.8MNet plan assets, end of year
$36,937Average balance per account
Score breakdown
- Employer generosity26.3 / 5053th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 58th |
| Employee saving | 66th |
| 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
- Tactile Systems Technology put in about $2,429 per active participant, more than the typical peer ($2,320). 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.
- 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 | $2,442,789 |
| Participant (employee) contributions | $6,239,044 |
| Other contributions (incl. rollovers in) | $1,705,291 |
| Administrative expenses paid from the plan | $67,629 |
| Investment advisory & management fees | $37,238 |
| Other admin expenses | $12,000 |
| Benefits paid out | $3,881,359 |
| Net assets, start / end of year | $32.2M / $43.8M |
| Active participants, start / end of year | 967 / 1,044 |
| Participants with account balances | 1,187 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Usi Advisors Inc | $36,667 reported compensation |
| Fidelity Investments Institutional | $18,391 reported compensation |
| Ukg | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007163435NAL0002608835001, received 2025-10-07, EIN 41-1801204, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.