Tsmc Washington, LLC 401(k) Review & Grade
Tsmc Washington 401(k) Retirement Plan
Camas, WAManufacturing958 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,318Employer $ per active participant
$10,691Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$273.8MNet plan assets, end of year
$209,798Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 91th |
| Employee saving | 92th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,437 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tsmc Washington put in about $4,318 per active participant, more than the typical peer ($2,320). 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 | $4,134,823 |
| Participant (employee) contributions | $10,236,621 |
| Other contributions (incl. rollovers in) | $252,856 |
| Administrative expenses paid from the plan | $96,600 |
| Contract administrator fees | $900 |
| Benefits paid out | $24,946,426 |
| Net assets, start / end of year | $241.6M / $273.8M |
| Active participants, start / end of year | 969 / 946 |
| Participants with account balances | 1,305 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Perkins & Company, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $96,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250808124331NAL0002622531001, received 2025-08-08, EIN 91-1725015, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.