Transcanada USA Services Inc. 401(k) Review & Grade
Transcanada 401(k) and Savings Plan
Transportation & Warehousing3,290 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$12,519Employer $ per active participant
$12,804Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$262,642Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost23.6 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 94th |
| Employee saving | 94th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $2,684 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Transcanada USA Services put in about $12,519 per active participant, more than the typical peer ($1,834). 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 | $41,192,327 |
| Participant (employee) contributions | $42,131,186 |
| Other contributions (incl. rollovers in) | $4,790,817 |
| Administrative expenses paid from the plan | $210,585 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $282,567 |
| Other admin expenses | $8,626 |
| Benefits paid out | $94,626,606 |
| Net assets, start / end of year | $996.4M / $1.1B |
| Active participants, start / end of year | 3,435 / 3,146 |
| Participants with account balances | 4,279 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
| Employer stock held by plan | $11,515,501 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $145,705 reported compensation |
| Fidelity Investments Institutional | −$80,386 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250709110741NAL0012900194001, received 2025-07-09, EIN 98-0460263, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.