Taher, Inc. 401(k) Review & Grade
Taher, Inc. 401(k) Plan
Minnetonka, MNAccommodation & Food Services1,840 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$45Employer $ per active participant
$833Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 44th |
| Employee saving | 51th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $86,159 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Taher put in about $45 per active participant, below the typical peer ($266). 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.
- 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 | $83,724 |
| Participant (employee) contributions | $1,533,741 |
| Other contributions (incl. rollovers in) | $315,361 |
| Administrative expenses paid from the plan | $38,488 |
| Investment advisory & management fees | $27,398 |
| Benefits paid out | $1,925,772 |
| Net assets, start / end of year | $13.2M / $15.0M |
| Active participants, start / end of year | 1,881 / 1,800 |
| Participants with account balances | 692 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Schafer & Associates LTD |
Largest service providers (Schedule C)
| Sikich Capital Management, LLC | $27,397 reported compensation |
| Adp, Inc. | $11,090 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015182720NAL0010733458001, received 2025-10-15, EIN 41-1401690, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.