Tmeic Corporation Americas 401(k) Review & Grade
Tmeic Corporation Americas 401(k) Plan
Salem, VAProfessional, Scientific & Technical Services653 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,293Employer $ per active participant
$9,288Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$110.4MNet plan assets, end of year
$129,427Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score76 / 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 | 81th |
| Lower admin cost | 97th |
| Employee saving | 53th |
| 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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Tmeic Corporation Americas put in about $6,293 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 | $4,109,534 |
| Participant (employee) contributions | $6,065,165 |
| Other contributions (incl. rollovers in) | $1,814,292 |
| Administrative expenses paid from the plan | $13,102 |
| Other admin expenses | $9 |
| Benefits paid out | $9,811,273 |
| Net assets, start / end of year | $96.9M / $110.4M |
| Active participants, start / end of year | 555 / 751 |
| Participants with account balances | 853 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown, Edwards & Company, LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc. | $65,000 reported compensation |
| Fidelity Investments Institutional | $13,093 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009102417NAL0010754576001, received 2025-10-09, EIN 31-1723263, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.