Tower Extrusions, LLC. 401(k) Review & Grade
Tower Extrusions, LLC. 401(k) Plan
Olney, TXManufacturing768 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$582Employer $ per active participant
$2,263Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
$16,791Average balance per account
Score breakdown
- Employer generosity4.2 / 508th percentile for employer $ per participant
- Low cost1.9 / 257th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 7th |
| Employee saving | 15th |
| Peers that auto-enroll | 59% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($27 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
- Tower Extrusions put in about $582 per active participant, below the typical peer ($2,320). 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 (0.94% 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 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 | $447,572 |
| Participant (employee) contributions | $1,738,839 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $145,358 |
| Investment advisory & management fees | $37,066 |
| Benefits paid out | $1,276,814 |
| Net assets, start / end of year | $14.3M / $16.7M |
| Active participants, start / end of year | 753 / 784 |
| Participants with account balances | 995 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Coulter & Justus |
Largest service providers (Schedule C)
| Admin. Group, LLC DBA Tag Resources | $55,832 reported compensation |
| Transamerica Retirement Solutions | $52,460 reported compensation |
| Wells Fargo Clearing Services | $37,066 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924083547NAL0010324498001, received 2025-09-24, EIN 74-2254034, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.