Tapani, Inc. 401(k) Review & Grade
Tapani, Inc. Retirement Savings Plan
Battle Ground, WAConstruction584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,324Employer $ per active participant
$4,330Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$47.6MNet plan assets, end of year
$59,672Average balance per account
Score breakdown
- Employer generosity46.2 / 5092th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 18th |
| Employee saving | 56th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Tapani put in about $6,324 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.58% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $3,689,916 |
| Participant (employee) contributions | $2,526,350 |
| Other contributions (incl. rollovers in) | $212,455 |
| Administrative expenses paid from the plan | $255,549 |
| Contract administrator fees | $93,458 |
| Investment advisory & management fees | $127,382 |
| Other admin expenses | $34,709 |
| Benefits paid out | $4,545,606 |
| Net assets, start / end of year | $40.0M / $47.6M |
| Active participants, start / end of year | 547 / 620 |
| Participants with account balances | 797 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barrett & Company |
Largest service providers (Schedule C)
| First Pacific Financial Inc | $106,821 reported compensation |
| Empower Annuity Insurance Co. | $84,473 reported compensation |
| Pension Plan Specialists | $52,905 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806152044NAL0001759907001, received 2025-08-06, EIN 91-1350790, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.