Team Holland, Inc. 401(k) Review & Grade
Team Holland, Inc. 401(k) Plan
Taylor Mill, KYAccommodation & Food Services500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$914Employer $ per active participant
$1,704Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$8.6MNet plan assets, end of year
$24,371Average balance per account
Score breakdown
- Employer generosity42.8 / 5086th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 13th |
| Employee saving | 81th |
| Peers that auto-enroll | 17% |
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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 ($10,075 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
- Team Holland put in about $914 per active participant, more than the typical peer ($266). 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 (0.70% 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.
- 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 | $456,755 |
| Participant (employee) contributions | $851,787 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $53,420 |
| Contract administrator fees | $53,420 |
| Benefits paid out | $645,989 |
| Net assets, start / end of year | $6.7M / $8.6M |
| Active participants, start / end of year | 529 / 471 |
| Participants with account balances | 353 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rudler, PSC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $30,335 reported compensation |
| Latitude Service Company Inc | $22,075 reported compensation |
| Rudler, PSC | $10,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094538NAL0000455139001, received 2025-10-13, EIN 46-3597755, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.