Tpusa, Inc. 401(k) Review & Grade
Tpusa 401(k) Plan
Salt Lake City, UTAdministrative, Support & Staffing Services17,862 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$80Employer $ per active participant
$435Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$87.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 5th |
| Employee saving | 25th |
| Peers that auto-enroll | 36% |
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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 ($380,541 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
- Tpusa put in about $80 per active participant, below the typical peer ($271). 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 (0.41% of assets) are well above similar-size plans (0.09%). 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 | $1,421,358 |
| Participant (employee) contributions | $7,776,941 |
| Other contributions (incl. rollovers in) | $261,655 |
| Administrative expenses paid from the plan | $335,510 |
| Investment advisory & management fees | $138,268 |
| Benefits paid out | $13,090,550 |
| Net assets, start / end of year | $77.3M / $87.1M |
| Active participants, start / end of year | 21,058 / 14,666 |
| Participants with account balances | 4,517 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $375,549 reported compensation |
| Creative Planning Holdco LLC DBA CR | $74,983 reported compensation |
| Empower Advisory Group, LLC | $63,285 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010114923NAL0007650049001, received 2025-10-10, EIN 87-0512021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.