Tec Equipment, Inc. 401(k) Review & Grade
Tec Equipment, Inc. 401(k) Plan
Portland, ORRetail Trade1,283 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,618Employer $ per active participant
$5,454Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$84.2MNet plan assets, end of year
$54,054Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 42th |
| Employee saving | 87th |
| Peers that auto-enroll | 48% |
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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
- Tec Equipment put in about $1,618 per active participant, more than the typical peer ($743). 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.
- 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 | $2,075,656 |
| Participant (employee) contributions | $6,997,619 |
| Other contributions (incl. rollovers in) | $1,055,771 |
| Administrative expenses paid from the plan | $225,211 |
| Contract administrator fees | $176,064 |
| Investment advisory & management fees | $49,147 |
| Benefits paid out | $8,906,927 |
| Net assets, start / end of year | $73.0M / $84.2M |
| Active participants, start / end of year | 1,363 / 1,203 |
| Participants with account balances | 1,557 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $176,064 reported compensation |
| Morgan Stanley Global | $49,147 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930135322NAL0011756913001, received 2025-09-30, EIN 93-0813564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.