Terminix Service, Inc. 401(k) Review & Grade
Terminix Service, Inc. 401(k) Profit Sharing Plan
Columbia, SCProfessional, Scientific & Technical Services934 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,328Employer $ per active participant
$4,016Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$98.1MNet plan assets, end of year
$82,328Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 57th |
| Employee saving | 20th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $711 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Terminix Service put in about $3,328 per active participant, more than the typical peer ($3,082). 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 | $3,110,042 |
| Participant (employee) contributions | $3,753,255 |
| Other contributions (incl. rollovers in) | $261,258 |
| Administrative expenses paid from the plan | $169,337 |
| Other admin expenses | $169,337 |
| Benefits paid out | $9,287,040 |
| Net assets, start / end of year | $87.6M / $98.1M |
| Active participants, start / end of year | 922 / 947 |
| Participants with account balances | 1,192 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Elliott Davis, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $149,329 reported compensation |
| Vanguard Advisers Inc. | $27,089 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730122638NAL0005565008001, received 2025-07-30, EIN 57-0288488, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.