Thompson Hine LLP 401(k) Review & Grade
Thompson Hine LLP Retirement Plan
Cleveland, OHProfessional, Scientific & Technical Services746 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,821Employer $ per active participant
$13,209Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$460.1MNet plan assets, end of year
$415,968Average balance per account
Score breakdown
- Employer generosity47.4 / 5095th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 79th |
| Employee saving | 81th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $1,693 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Thompson Hine LLP put in about $12,821 per active participant, more than the typical peer ($3,082). 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 | $9,570,804 |
| Participant (employee) contributions | $9,860,606 |
| Other contributions (incl. rollovers in) | $12,279,108 |
| Administrative expenses paid from the plan | $342,580 |
| Investment advisory & management fees | $234,587 |
| Benefits paid out | $28,132,749 |
| Net assets, start / end of year | $399.1M / $460.1M |
| Active participants, start / end of year | 726 / 767 |
| Participants with account balances | 1,106 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Meaden & Moore, LTD |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $157,377 reported compensation |
| Clearstead Advisors LLC | $85,837 reported compensation |
| Bartlett & Co Wealth Managemen | $50,073 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251024155716NAL0002758033001, received 2025-10-24, EIN 34-0575300, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.