TBC Corporation 401(k) Review & Grade
TBC Corporation Safe Harbor 401(k) Plan
Palm Beach Gardens, FLRetail Trade2,564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,095Employer $ per active participant
$3,592Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$232.0MNet plan assets, end of year
$75,072Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 49th |
| Employee saving | 74th |
| Peers that auto-enroll | 42% |
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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
- TBC put in about $2,095 per active participant, more than the typical peer ($650). 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 | $5,369,658 |
| Participant (employee) contributions | $9,209,214 |
| Other contributions (incl. rollovers in) | $741,739 |
| Administrative expenses paid from the plan | $288,508 |
| Investment advisory & management fees | $102,313 |
| Benefits paid out | $35,546,701 |
| Net assets, start / end of year | $222.2M / $232.0M |
| Active participants, start / end of year | 2,595 / 2,532 |
| Participants with account balances | 3,091 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc PC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $168,445 reported compensation |
| Mercer Investment Management | $91,321 reported compensation |
| Lbmc, PC | $17,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009162641NAL0011879504001, received 2025-10-09, EIN 31-0600670, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.