Turenne & Associates, LLC 401(k) Review & Grade
Turenne & Associates, LLC and Affiliates 401(k) Plan
Montgomery, ALHealth Care & Social Assistance622 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,188Employer $ per active participant
$2,434Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$29.0MNet plan assets, end of year
$33,360Average balance per account
Score breakdown
- Employer generosity27.3 / 5055th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 27th |
| Employee saving | 48th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Turenne & Associates put in about $1,188 per active participant, more than the typical peer ($976). 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.
- Direct plan expenses (0.44% 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 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 | $739,234 |
| Participant (employee) contributions | $1,513,750 |
| Other contributions (incl. rollovers in) | $94,635 |
| Administrative expenses paid from the plan | $120,995 |
| Benefits paid out | $2,324,370 |
| Net assets, start / end of year | $25.9M / $29.0M |
| Active participants, start / end of year | 622 / 622 |
| Participants with account balances | 869 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pearce, Bevill, Leesburg & Moore,pc |
Largest service providers (Schedule C)
| Oneascent Financial Services LLC | $38,555 reported compensation |
| Erisa Services, Inc. | $24,168 reported compensation |
| Leafhouse Financial | $12,852 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144558NAL0006635552001, received 2025-10-15, EIN 63-1285595, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.