Thompson Holdings, Inc. 401(k) and Employee Stock Ownership Plan

• Compliance

  Failed to transmit contributions

  Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  Schedule H, line 4a
• Compliance

  Corrective distributions

  Plan reported corrective distributions (failed ADP/ACP testing).

  Schedule H, line 2g
• Opportunity

  Possible retail share class: $32.0M

  Mutual funds in a class the filing names that is often retail or revenue sharing. Confirm before you raise it.

  Schedule H, line 4i

Industry

54 - Professional, Scientific, and Technical Services

Plan type

Defined contribution

Participants

250-999

Cohort

3,319 peers

Snapshot

2024

Target-date series: American Funds Target Date, mutual fund, 10% of fund dollars

Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.

• 2E
  Profit-sharing

  Profit-sharing plan.
• 2H
  Partial participant-directed account plan

  Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
• 2J
  Code section 401(k) feature

  Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
• 2K
  Code section 401(m) arrangement

  Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
• 2P
  Leveraged ESOP

  Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
• 2Q
  ESOP maintained by an S corporation

  The employer maintaining this ESOP is an S corporation.
• 2R
  Participant-directed brokerage accounts

  Participant-directed brokerage accounts provided as an investment option under the plan.
• 2S
  Automatic enrollment

  Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
• 2T
  Default investment account

  Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
• 3I
  Employer securities investment required

  Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.