Thor Industries, Inc. 401(k) Review & Grade
Thor Industries, Inc. 401(k) Plan
Elkhart, INManufacturing12,580 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$246Employer $ per active participant
$927Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$189.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 20th |
| Employee saving | 2th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($3,545 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $12,795 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thor Industries put in about $246 per active participant, below the typical peer ($5,480). 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.
- Direct plan expenses (0.18% of assets) are well above similar-size plans (0.09%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,098,051 |
| Participant (employee) contributions | $11,658,390 |
| Other contributions (incl. rollovers in) | $1,637,766 |
| Administrative expenses paid from the plan | $276,495 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $106,965 |
| Benefits paid out | $24,619,363 |
| Net assets, start / end of year | $118.6M / $189.0M |
| Active participants, start / end of year | 8,696 / 16,465 |
| Participants with account balances | 4,537 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $169,625 reported compensation |
| Strategic Advisors, Inc. | $71,965 reported compensation |
| Captrust | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002144703NAL0001472226001, received 2025-10-02, EIN 93-0768752, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.