Time Manufacturing Company 401(k) Review & Grade
Time Manufacturing Company 401(k) Plan
Waco, TXManufacturing908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$837Employer $ per active participant
$4,244Employee $ saved per active participant
1.19%Direct admin cost, % of plan assets
$33.2MNet plan assets, end of year
$32,716Average balance per account
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost1.1 / 255th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 5th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($80,214 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Time Manufacturing put in about $837 per active participant, below the typical peer ($2,320). 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 (1.19% 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 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 | $759,823 |
| Participant (employee) contributions | $3,853,671 |
| Other contributions (incl. rollovers in) | $21,910 |
| Administrative expenses paid from the plan | $376,994 |
| Contract administrator fees | $47,716 |
| Investment advisory & management fees | $175,875 |
| Benefits paid out | $4,977,181 |
| Net assets, start / end of year | $30.3M / $33.2M |
| Active participants, start / end of year | 985 / 831 |
| Participants with account balances | 1,015 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jaynes Reitmeier Boyd & Therrell PC |
Largest service providers (Schedule C)
| Ameriprise Financial Services | $151,953 reported compensation |
| Nationwide Financial | $84,366 reported compensation |
| Proaccount | $69,037 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015193509NAL0010967826001, received 2025-10-15, EIN 74-1609717, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.