Twin City Fan Companies, LTD. 401(k) Review & Grade
Twin City Fan Retirement Savings Plan and Trust
Plymouth, MNManufacturing976 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,715Employer $ per active participant
$4,816Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$83.2MNet plan assets, end of year
$52,045Average balance per account
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 39th |
| Employee saving | 48th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,459 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Twin City Fan Companies put in about $1,715 per active participant, below the typical peer ($2,320). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,673,984 |
| Participant (employee) contributions | $4,699,939 |
| Other contributions (incl. rollovers in) | $251,960 |
| Administrative expenses paid from the plan | $252,744 |
| Investment advisory & management fees | $140,454 |
| Other admin expenses | $300 |
| Benefits paid out | $10,217,823 |
| Net assets, start / end of year | $77.8M / $83.2M |
| Active participants, start / end of year | 982 / 970 |
| Participants with account balances | 1,598 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $111,990 reported compensation |
| Sageview Advisory Group, LLC | $96,370 reported compensation |
| Sageview Advisory Group, LLC | $44,084 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012180547NAL0000458785001, received 2025-10-12, EIN 41-1226410, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.