Thompsongas, LLC 401(k) Review & Grade
Thompsongas LLC 401(k) Plan
Frederick, MDRetail Trade1,286 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,890Employer $ per active participant
$4,610Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$40.3MNet plan assets, end of year
$28,549Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 25th |
| Employee saving | 76th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,810 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thompsongas put in about $1,890 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.48% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,431,910 |
| Participant (employee) contributions | $5,930,919 |
| Other contributions (incl. rollovers in) | $3,871,835 |
| Administrative expenses paid from the plan | $164,943 |
| Contract administrator fees | $128,229 |
| Investment advisory & management fees | $20,439 |
| Benefits paid out | $4,525,339 |
| Net assets, start / end of year | $28.8M / $40.3M |
| Active participants, start / end of year | 1,203 / 1,370 |
| Participants with account balances | 1,410 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| John Hancock | $129,918 reported compensation |
| Capfinancial Partners, LLC. | $18,750 reported compensation |
| Clifton Larsen Allen LLP | $16,275 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250829102511NAL0006149235001, received 2025-08-29, EIN 47-5059833, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.