Toshiba Global Commerce Solutions, Inc. 401(k) Review & Grade
Toshiba Tec U.S. Employees' 401(k) Savings Plan
Durham, NCWholesale Trade3,436 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,359Employer $ per active participant
$7,672Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$484.6MNet plan assets, end of year
$132,001Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 62th |
| Employee saving | 86th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Toshiba Global Commerce Solutions put in about $2,359 per active participant, below the typical peer ($2,459). 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.
- 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 | $8,104,462 |
| Participant (employee) contributions | $26,362,549 |
| Other contributions (incl. rollovers in) | $3,622,401 |
| Administrative expenses paid from the plan | $390,979 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $133,750 |
| Benefits paid out | $48,021,354 |
| Net assets, start / end of year | $440.8M / $484.6M |
| Active participants, start / end of year | 3,456 / 3,416 |
| Participants with account balances | 3,671 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Kaplan Arase LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $242,729 reported compensation |
| NFP Retirement, Inc. | $133,750 reported compensation |
| Miller Kaplan | $14,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008160053NAL0003134803001, received 2025-10-08, EIN 45-5236414, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.