T-N-T Crane & Rigging, Inc. 401(k) Review & Grade
T-N-T Crane & Rigging, Inc. 401(k) Plan
Houston, TXConstruction891 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$797Employer $ per active participant
$2,749Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$29.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 43th |
| Employee saving | 33th |
| Peers that auto-enroll | 44% |
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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 ($2,098,328 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
- T-N-T Crane & Rigging put in about $797 per active participant, below the typical peer ($1,672). 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 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 | $710,501 |
| Participant (employee) contributions | $2,449,224 |
| Other contributions (incl. rollovers in) | $9,454 |
| Administrative expenses paid from the plan | $77,031 |
| Investment advisory & management fees | $22,834 |
| Other admin expenses | $130 |
| Benefits paid out | $3,329,040 |
| Net assets, start / end of year | $26.1M / $29.1M |
| Active participants, start / end of year | 778 / 1,004 |
| Participants with account balances | 394 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Bokf, NA | $54,197 reported compensation |
| MBG Retirement, Inc. | $52,975 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015093717NAL0004465553001, received 2025-10-15, EIN 76-0130026, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.