Towne Park, LLC 401(k) Review & Grade
Towne Park 401(k) Plan
Plymouth Meeting, PAOther Services10,174 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$51Employer $ per active participant
$275Employee $ saved per active participant
1.23%Direct admin cost, % of plan assets
$17.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.6 / 505th percentile for employer $ per participant
- Low cost0.1 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 1th |
| Employee saving | 3th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($21,986 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $295,651 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Towne Park put in about $51 per active participant, below the typical peer ($2,229). 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 (1.23% of assets) are well above similar-size plans (0.09%). 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 | $517,665 |
| Participant (employee) contributions | $2,801,339 |
| Other contributions (incl. rollovers in) | $666,182 |
| Administrative expenses paid from the plan | $200,055 |
| Investment advisory & management fees | $43,224 |
| Benefits paid out | $2,671,035 |
| Net assets, start / end of year | $14.8M / $17.6M |
| Active participants, start / end of year | 8,001 / 12,346 |
| Participants with account balances | 1,832 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $137,364 reported compensation |
| Onedigital Investment Advisors LLC | $30,225 reported compensation |
| Kreischer Miller | $19,467 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151805NAL0002555104001, received 2025-10-03, EIN 52-1659267, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.