Topcon America Corporation 401(k) Review & Grade
Topcon America Corporation 401(k) Plan
Oakland, NJProfessional, Scientific & Technical Services1,237 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,160Employer $ per active participant
$10,987Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$206.3MNet plan assets, end of year
$133,174Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost19.6 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 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 | 52th |
| Lower admin cost | 79th |
| Employee saving | 67th |
| 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
- Topcon America put in about $3,160 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 | $3,908,879 |
| Participant (employee) contributions | $13,591,368 |
| Other contributions (incl. rollovers in) | $2,933,393 |
| Administrative expenses paid from the plan | $158,676 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $79,801 |
| Benefits paid out | $21,089,085 |
| Net assets, start / end of year | $181.4M / $206.3M |
| Active participants, start / end of year | 1,288 / 1,186 |
| Participants with account balances | 1,549 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $54,515 reported compensation |
| Strategic Advisors, Inc. | $49,801 reported compensation |
| Gallagher Benefit Services | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918160646NAL0000749059001, received 2025-09-18, EIN 22-3803963, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.