Reinalt-Thomas 401(k) match, vesting and fees
What Reinalt-Thomas' 401(k) plan says about matching contributions
Effective July 1, 2021, the Company amended its match to be $1 for every $1 the employee contributes on a pre-tax basis of the first 6% of the annual compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 39 ↗ |
| Loans | Notes receivable from participants – Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are issued by the Plan and secured by the balance in the participant’s account. All loans must be repaid within a period of five years, unless the loan is used to purchase a principal residence, in which case the loan must be repaid within a reasonable period not to exceed 20 years. Under the terms of the Plan Agreement, plan loans will bear a reasonable rate of interest determined by the plan administrator. Principal and interest are paid ratably through monthly payroll deductions. As of December 31, 2024, the rates of interest on outstanding loans ranged from 4.25% to 9.50% with various maturities through December 2044. | Audit report, p. 40 ↗ |
| Recordkeeper | Empower Annuity Ins Co of America | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Reinalt-Thomas: employer contribution per participant | $2,959 | |
| Peer median | $1,215 |
| Reinalt-Thomas: average balance | $76,117 | |
| Peer median | $48,539 |
| Reinalt-Thomas: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.1B at the end of plan year 2021 to $1.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 19,584 | $1.4B | $54.1M | $2,959 | 0.08% | Quoted in the audit report, p. 39 ↗ | Form 5500 ↗ |
| 2023 | 17,637 | $1.2B | $50.8M | $2,982 | 0.09% | Not published | Form 5500 ↗ |
| 2022 | 15,606 | $994M | $41.4M | $2,732 | 0.09% | Not published | Form 5500 ↗ |
| 2021 | 15,027 | $1.1B | $33.8M | $2,318 | 0.01% | Not published | Form 5500 ↗ |
Common questions
Does Reinalt-Thomas match 401(k) contributions?
The audit report attached to the Discount Tire/America'S Tire Retirement Plan's plan year 2024 Form 5500, page 39 says: “Effective July 1, 2021, the Company amended its match to be $1 for every $1 the employee contributes on a pre-tax basis of the first 6% of the annual compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Reinalt-Thomas 401(k) match vested?
The vesting schedule for the Discount Tire/America'S Tire Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Reinalt-Thomas 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Ins Co of America. The plan administrator is The Reinalt-Thomas Corporation.
I left Reinalt-Thomas. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Reinalt-Thomas Corporation, (480) 606-5816) or the recordkeeper, Empower Annuity Ins Co of America. The Reinalt-Thomas old 401(k) page lists the contacts from every plan filing. Find an old Reinalt-Thomas 401(k)
Data from the public Form 5500 annual reports Reinalt-Thomas filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Reinalt-Thomas. Not financial advice. Report a correction · Methodology