Turner Industries Group, LLC 401(k) Review & Grade
Turner Industries 401k Plan
Baton Rouge, LAConstruction11,122 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,008Employer $ per active participant
$3,728Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$546.9MNet plan assets, end of year
$56,971Average balance per account
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
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 | 47th |
| Lower admin cost | 29th |
| Employee saving | 41th |
| Peers that auto-enroll | 50% |
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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
- Turner Industries Group put in about $2,008 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 (0.14% 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.
- 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 | $22,333,727 |
| Participant (employee) contributions | $41,465,394 |
| Other contributions (incl. rollovers in) | $3,612,459 |
| Administrative expenses paid from the plan | $749,125 |
| Other admin expenses | $749,125 |
| Benefits paid out | $65,852,693 |
| Net assets, start / end of year | $487.0M / $546.9M |
| Active participants, start / end of year | 14,197 / 8,048 |
| Participants with account balances | 9,600 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $754,644 reported compensation |
| Vanguard Advisers Inc. | $7,281 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014155703NAL0001622371001, received 2025-10-14, EIN 72-1513047, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.