Thomas & Hutton Engineering Co. 401(k) Review & Grade
Thomas & Hutton Engineering Co. Retirement Plan
Savannah, GAProfessional, Scientific & Technical Services516 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,732Employer $ per active participant
$9,051Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$133.3MNet plan assets, end of year
$197,829Average balance per account
Score breakdown
- Employer generosity42.9 / 5086th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 88th |
| Employee saving | 50th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,437 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thomas & Hutton Engineering put in about $7,732 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 | $3,993,476 |
| Participant (employee) contributions | $4,674,711 |
| Other contributions (incl. rollovers in) | $1,907,714 |
| Administrative expenses paid from the plan | $61,686 |
| Contract administrator fees | $47,319 |
| Other admin expenses | $3,250 |
| Benefits paid out | $11,671,389 |
| Net assets, start / end of year | $116.7M / $133.3M |
| Active participants, start / end of year | 504 / 529 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Symphona LLP |
Largest service providers (Schedule C)
| Retirement Plan Administrators, LLC | $104,152 reported compensation |
| Mmlis | $44,324 reported compensation |
| Empower Annuity Insurance Company | $6,090 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260805132422NAL0003533218001, received 2026-08-05, EIN 58-0652827, plan #002, plan year 2024-11-01 to 2025-10-31. Verify at efast.dol.gov.