Plan Ledger DOL Form 5500 · updated monthly

Tower Extrusions, LLC.401(k)

TOWER EXTRUSIONS, LLC. 401(K) PLAN · OLNEY, TX · plan year 2024

Reported admin expense ratio · 2024
0.94%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Tower Extrusions, LLC. reported $145,358 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $571 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.84% to 0.94%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,273rd-largest of 5,688 plans among Texas employers on file, and the 6,633rd of 13,661 in manufacturing. In 2024, employees put in $3.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,706,769
Participants with balances995
Active participants784
Employer contributions$447,572
Employee contributions$1,738,839
Employer contribution per active participant$571
Average account balance$16,791
Benefits paid to participants$1,276,814
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 995 accts · $448K emplr
2023$14.3M · 1,034 accts · $408K emplr
2022$12.0M · 943 accts · $382K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,292
Investment management$37,066
Total administrative$145,358
The Tower Extrusions, LLC. 401(k) match · 2024
Employer contribution per active participant$571
Median for plans this size$2,416
2024$571 per active participant
2023$579 per active participant
2022$517 per active participant

Tower Extrusions, LLC.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$55,832
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$52,460
WELLS FARGO CLEARING SERVICES · Investment advisory (plan)$37,066

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$145,358 · 0.94%
2023$101,759 · 0.77%
2022$108,686 · 0.84%
Same employer
Similar plansManufacturing · Texas
Omnion Power Inc. TX$16.9M · 0.05%
Handgards, LLC TX$16.9M · 0.25%
Colordynamics, Inc. TX$16.8M · 0.56%
Vinton Steel, LLC TX$16.8M · 1.13%
Republic Elite, LLC TX$16.7M · 0.53%
Holloway Houston, Inc. TX$16.6M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 742254034 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.