Therapeutic Alternatives Inc. 401(k) Review & Grade
Therapeutic Alternatives Inc. 401k Plan
Randleman, NCHealth Care & Social Assistance2,914 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$30Employer $ per active participant
$102Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.6 / 5015th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 31th |
| Employee saving | 5th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,274 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Therapeutic Alternatives put in about $30 per active participant, below the typical peer ($800). 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 (0.22% of assets) are well above similar-size plans (0.12%). 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 | $88,464 |
| Participant (employee) contributions | $295,924 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $4,981 |
| Contract administrator fees | $4,981 |
| Benefits paid out | $175,902 |
| Net assets, start / end of year | $2.1M / $2.5M |
| Active participants, start / end of year | 2,816 / 3,011 |
| Participants with account balances | 304 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Leonard PLLC |
Largest service providers (Schedule C)
| American United Life Insurance Co | $15,532 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008112003NAL0013580946001, received 2025-10-08, EIN 56-1960076, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.