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TD Bank US Holding Company

01-0437984· Portland, ME· T. Rowe Price· 2024 filing· vs 13 plans your size
B
0/100
Overall grade

Solid plan with a few things to improve.

B
Fees
B
Financial Wellness
D
Plan design
A
Compliance
Fees

Your plan pays around 2 bps of assets per year. Similar plans pay around 9 bps. Your plan is cheaper than about 88% of similar plans.

B
cheaper12th percentilepricier
Financial Wellness

Middle-of-the-pack savings. Employees put away $7,293/employee a year. That's about average for plans this size.

B
lower69th percentilehigher
Plan design

Good base, but no automatic enrollment. That's the top thing to add.

D
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health

No compliance issues reported on the latest filing.

A
No issues reported
The latest public filing does not report any of the compliance issues this grade checks.
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T. Rowe Price

No provider notes available.

Key insights

  • Strongest area: compliance & health. No compliance issues reported on the latest filing.
  • Best place to improve: plan design. Good base, but no automatic enrollment. That's the top thing to add.
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