TL Nexlevel, LLC 401(k) Review & Grade
TL Nexlevel 401(k) Plan
Maple Lake, MNConstruction990 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,671Employer $ per active participant
$2,555Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$35.1MNet plan assets, end of year
$35,821Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost9.4 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 38th |
| Employee saving | 31th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- TL Nexlevel put in about $1,671 per active participant, below the typical peer ($1,672). 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.
- 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.
- 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 | $1,654,193 |
| Participant (employee) contributions | $2,529,608 |
| Other contributions (incl. rollovers in) | $100,947 |
| Administrative expenses paid from the plan | $107,591 |
| Investment advisory & management fees | $46,062 |
| Benefits paid out | $4,420,542 |
| Net assets, start / end of year | $31.3M / $35.1M |
| Active participants, start / end of year | 1,181 / 799 |
| Participants with account balances | 980 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $61,529 reported compensation |
| Kestra Investment Services LLC | $46,062 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141745NAL0001530099001, received 2025-10-14, EIN 20-1079961, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.