Tier-One Property Services, LLC 401(k) Review & Grade
Associations of Texas Mep
Houston, TXAdministrative, Support & Staffing Services814 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$373Employer $ per active participant
$540Employee $ saved per active participant
2.16%Direct admin cost, % of plan assets
$1.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.4 / 5039th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 1th |
| Employee saving | 21th |
| Peers that auto-enroll | 27% |
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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 ($87,362 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Tier-One Property Services put in about $373 per active participant, below the typical peer ($712). 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 (2.16% 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.
- 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 | $304,173 |
| Participant (employee) contributions | $440,076 |
| Other contributions (incl. rollovers in) | $18,088 |
| Administrative expenses paid from the plan | $33,564 |
| Contract administrator fees | $14,491 |
| Benefits paid out | $195,341 |
| Net assets, start / end of year | $1.2M / $1.9M |
| Active participants, start / end of year | 654 / 975 |
| Participants with account balances | 313 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Templeton & Company |
Largest service providers (Schedule C)
| Transamerica Financial Life Ins Co | $19,073 reported compensation |
| 3(16) Fiduciary Services Corp | $14,491 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162532NAL0005120241001, received 2025-10-15, EIN 45-2687695, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.