TLC Company, Inc. 401(k) Review & Grade
TLC Company, Inc. 401(k) Profit Sharing Plan
Albuquerque, NMConstruction596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$706Employer $ per active participant
$5,335Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$22.8MNet plan assets, end of year
$35,470Average balance per account
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 77th |
| Employee saving | 69th |
| Peers that auto-enroll | 44% |
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 ($41,699 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $4,924 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- TLC Company put in about $706 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.
- 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 | $421,046 |
| Participant (employee) contributions | $3,179,735 |
| Other contributions (incl. rollovers in) | $139,207 |
| Administrative expenses paid from the plan | $19,026 |
| Investment advisory & management fees | $9,276 |
| Benefits paid out | $3,419,487 |
| Net assets, start / end of year | $19.8M / $22.8M |
| Active participants, start / end of year | 551 / 641 |
| Participants with account balances | 643 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $9,750 reported compensation |
| Strategic Advisors, Inc. | $9,276 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002112827NAL0000382561001, received 2025-10-02, EIN 85-0410487, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.