Testing Holdings USA, Inc. 401(k) Review & Grade
Its USA Retirement Savings Plan
The Woodlands, TXProfessional, Scientific & Technical Services6,282 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,081Employer $ per active participant
$6,621Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$811.3MNet plan assets, end of year
$78,292Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 50th |
| Employee saving | 35th |
| Peers that auto-enroll | 47% |
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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 ($1,676,673 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,284 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Testing Holdings USA put in about $2,081 per active participant, below the typical peer ($2,951). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $13,072,888 |
| Participant (employee) contributions | $41,598,225 |
| Other contributions (incl. rollovers in) | $3,245,839 |
| Administrative expenses paid from the plan | $937,797 |
| Contract administrator fees | $4,500 |
| Investment advisory & management fees | $373,283 |
| Other admin expenses | $109,133 |
| Benefits paid out | $79,366,718 |
| Net assets, start / end of year | $722.2M / $811.3M |
| Active participants, start / end of year | 6,219 / 6,346 |
| Participants with account balances | 10,362 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Melton & Melton, L.L.P. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $413,376 reported compensation |
| Strategic Advisors, Inc. | $373,283 reported compensation |
| Aon H Ewitt | $115,946 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821140037NAL0002115571001, received 2025-08-21, EIN 22-3480826, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.