Thielsch Engineering, Inc. 401(k) Review & Grade
Thielsch Engineering Inc. 401(k) Savings Plan
Cranston, RIProfessional, Scientific & Technical Services603 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,847Employer $ per active participant
$5,411Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$65.2MNet plan assets, end of year
$83,639Average balance per account
Score breakdown
- Employer generosity15.8 / 5032th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 48th |
| Employee saving | 26th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $44,194 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thielsch Engineering put in about $1,847 per active participant, below the typical peer ($3,082). 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 | $1,113,884 |
| Participant (employee) contributions | $3,263,072 |
| Other contributions (incl. rollovers in) | $1,157,932 |
| Administrative expenses paid from the plan | $156,891 |
| Other admin expenses | $156,891 |
| Benefits paid out | $12,721,831 |
| Net assets, start / end of year | $63.9M / $65.2M |
| Active participants, start / end of year | 584 / 622 |
| Participants with account balances | 779 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kahn, Litwin, Renza & Co., LTD |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $95,524 reported compensation |
| The Waterford Group | $37,101 reported compensation |
| Capital Wealth Management, LLC | $25,430 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143433NAL0005146881001, received 2025-10-15, EIN 05-0405629, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.