Titan Modular Systems, Inc. 401(k) Review & Grade
Titan Modular, Spartan Cargo 401(k) Retirement Plan
Alma, GAManufacturing832 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$413Employer $ per active participant
$556Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$3.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 12th |
| Employee saving | 1th |
| Peers that auto-enroll | 59% |
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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 ($220,469 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
- Titan Modular Systems put in about $413 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 (0.73% 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 | $343,675 |
| Participant (employee) contributions | $462,702 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $22,466 |
| Contract administrator fees | $15,265 |
| Investment advisory & management fees | $7,201 |
| Benefits paid out | $302,675 |
| Net assets, start / end of year | $2.7M / $3.5M |
| Active participants, start / end of year | 932 / 731 |
| Participants with account balances | 130 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $13,566 reported compensation |
| Carter Thompson Inc | $6,943 reported compensation |
| United of Omaha | $1,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260522104410NAL0002284083001, received 2026-05-22, EIN 46-0843552, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.