Turn 14 Distribution, Inc. 401(k) Review & Grade
Turn 14 Distribution, Inc. 401(k) Profit Sharing Plan
Horsham, PARetail Trade584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,136Employer $ per active participant
$2,778Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$17.0MNet plan assets, end of year
$56,572Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 21th |
| Employee saving | 46th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Turn 14 Distribution put in about $1,136 per active participant, more than the typical peer ($743). 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 (0.53% 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.
- 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 | $663,311 |
| Participant (employee) contributions | $1,622,321 |
| Other contributions (incl. rollovers in) | $1,690,588 |
| Administrative expenses paid from the plan | $76,826 |
| Contract administrator fees | $42,260 |
| Investment advisory & management fees | $34,566 |
| Benefits paid out | $618,796 |
| Net assets, start / end of year | $11.8M / $17.0M |
| Active participants, start / end of year | 575 / 593 |
| Participants with account balances | 301 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| John Hancock USA | $35,217 reported compensation |
| Merrill Lynch | $34,566 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924072908NAL0002890787001, received 2025-09-24, EIN 20-1325018, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.