Texas Hydraulics Newco, Inc. 401(k) Review & Grade
Texas Hydraulics Newco, Inc. 401(k) Plan
Temple, TXManufacturing532 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,142Employer $ per active participant
$4,864Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$42.4MNet plan assets, end of year
$66,171Average balance per account
Score breakdown
- Employer generosity23.2 / 5046th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 35th |
| Employee saving | 49th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $30,355 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Texas Hydraulics Newco put in about $2,142 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.35% 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 | $1,138,446 |
| Participant (employee) contributions | $2,585,349 |
| Other contributions (incl. rollovers in) | $323,460 |
| Administrative expenses paid from the plan | $140,629 |
| Investment advisory & management fees | $70,095 |
| Benefits paid out | $3,768,851 |
| Net assets, start / end of year | $37.4M / $42.4M |
| Active participants, start / end of year | 555 / 508 |
| Participants with account balances | 641 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brockway, Gershbach, Et. Al, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $70,534 reported compensation |
| Willis Towers Watson | $66,332 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014113728NAL0002659441001, received 2025-10-14, EIN 81-0718644, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.