Toyo Tire Holdings of Americas Inc. 401(k) Review & Grade
Toyo Retirement Plan
Costa Mesa, CAWholesale Trade2,096 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,563Employer $ per active participant
$3,931Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$120.9MNet plan assets, end of year
$50,661Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 73th |
| Employee saving | 38th |
| Peers that auto-enroll | 53% |
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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 ($1,373,163 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $41,642 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Toyo Tire Holdings of Americas put in about $3,563 per active participant, more than the typical peer ($1,792). 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.
- 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 | $7,470,206 |
| Participant (employee) contributions | $8,242,351 |
| Other contributions (incl. rollovers in) | $916,455 |
| Administrative expenses paid from the plan | $113,234 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $32,032 |
| Benefits paid out | $11,397,227 |
| Net assets, start / end of year | $100.2M / $120.9M |
| Active participants, start / end of year | 1,900 / 2,293 |
| Participants with account balances | 2,386 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $60,202 reported compensation |
| Strategic Advisors, Inc. | $32,032 reported compensation |
| Moss Adams LLP | $21,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915185814NAL0000890755001, received 2025-09-15, EIN 95-4192616, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.