TMS International Corporation 401(k) Review & Grade
TMS International Corporation Salaried Employees 401(k) & PSP
Pittsburgh, PAAdministrative, Support & Staffing Services654 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,687Employer $ per active participant
$6,859Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$123.5MNet plan assets, end of year
$172,965Average balance per account
Score breakdown
- Employer generosity47.9 / 5096th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 84th |
| Employee saving | 88th |
| Peers that auto-enroll | 27% |
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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
- TMS International put in about $4,687 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $3,067,461 |
| Participant (employee) contributions | $4,489,044 |
| Other contributions (incl. rollovers in) | $117,293 |
| Administrative expenses paid from the plan | $73,115 |
| Other admin expenses | $73,115 |
| Benefits paid out | $13,172,656 |
| Net assets, start / end of year | $113.8M / $123.5M |
| Active participants, start / end of year | 667 / 642 |
| Participants with account balances | 714 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs & Co., Inc. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $74,230 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160030NAL0010521554001, received 2025-10-15, EIN 34-0617390, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.