TLC Engineering Solutions, Inc. 401(k) Review & Grade
TLC Engineering Solutions, Inc., Savings Plan
Orlando, FLProfessional, Scientific & Technical Services502 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,243Employer $ per active participant
$11,576Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$90.9MNet plan assets, end of year
$132,175Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 92th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- TLC Engineering Solutions put in about $4,243 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.
- 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 | $2,130,113 |
| Participant (employee) contributions | $5,811,048 |
| Other contributions (incl. rollovers in) | $571,998 |
| Administrative expenses paid from the plan | $27,575 |
| Contract administrator fees | $2,465 |
| Investment advisory & management fees | $24,360 |
| Other admin expenses | $750 |
| Benefits paid out | $4,883,019 |
| Net assets, start / end of year | $74.9M / $90.9M |
| Active participants, start / end of year | 477 / 527 |
| Participants with account balances | 688 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Vestal & Wiler CPA |
Largest service providers (Schedule C)
| Rehmann | $24,360 reported compensation |
| Voya Retirement Insurance & Annuity | $3,215 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922130015NAL0004750769001, received 2025-09-22, EIN 59-1228645, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.