401k Record

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Tandy Leather Factory 401(k)

Recordkeeping fees per participant · Tandy Leather Factory, Inc. 401(k) Plan · plan year 2024

$116.09

Higher than 68% of the 7,477 plans $1 to 10M that report it.

Source

= $22,986 / 198
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014153744NAL0001596003001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014153744NAL0001596003001, received 2025-10-14

10th: $11.10median $71.5290th: $209.21

Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.

Cost and contributions

Administrative expenses excluding investment management, per participant

$132.87

10th: $13.66median $103.3390th: $302.77

Higher than 61% of the 14,713 plans $1 to 10M that report it.

Source

= $26,309 / 198
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014153744NAL0001596003001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014153744NAL0001596003001, received 2025-10-14

Administrative expenses per participant

$162.27

10th: $19.42median $150.2790th: $370.75

Higher than 53% of the 15,210 plans $1 to 10M that report it.

Source

= $32,130 / 198
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014153744NAL0001596003001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014153744NAL0001596003001, received 2025-10-14

Administrative expenses as a share of assets

0.474%

10th: 0.069%median 0.519%90th: 1.146%

Higher than 46% of the 15,243 plans $1 to 10M that report it.

Source

= $32,130 / $6,772,979
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014153744NAL0001596003001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014153744NAL0001596003001, received 2025-10-14

Employer contributions per participant

$1,403

10th: $357median $1,32390th: $2,861

Higher than 53% of the 13,342 plans $1 to 10M that report it.

Source

= $277,843 / 198
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014153744NAL0001596003001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014153744NAL0001596003001, received 2025-10-14

Employer share of total contributions

35.3%

10th: 11.9%median 28.9%90th: 43.6%

Higher than 73% of the 13,370 plans $1 to 10M that report it.

Source

= $277,843 / $786,443
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014153744NAL0001596003001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014153744NAL0001596003001, received 2025-10-14

Plan terms, as stated in Tandy Leather Factory, Inc.'s SEC filings

Employer match

“In 2025 and 2024, we matched 100% of the pretax employee contributions on the first 3% of eligible earnings and 50% of the pretax employee contributions on the next 2% of eligible earnings that are contributed by employees.”

Form 10-K filed 2026-02-24, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014153744NAL0001596003001, received 2025-10-14

Full record, Tandy Leather Factory, Inc. 401(k) Plan

FieldValueSource
Plan sponsorTANDY LEATHER FACTORY, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014153744NAL0001596003001, received 2025-10-14
Plan nameTANDY LEATHER FACTORY, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251014153744NAL0001596003001, received 2025-10-14
Sponsor EIN / plan number75-2543540 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014153744NAL0001596003001, received 2025-10-14
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014153744NAL0001596003001, received 2025-10-14
Sponsor locationFORT WORTH, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014153744NAL0001596003001, received 2025-10-14
Industry (business code)316990, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014153744NAL0001596003001, received 2025-10-14
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014153744NAL0001596003001, received 2025-10-14
Filing received2025-10-14Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014153744NAL0001596003001, received 2025-10-14
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014153744NAL0001596003001, received 2025-10-14
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251014153744NAL0001596003001, received 2025-10-14
Participants, beginning of year473Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014153744NAL0001596003001, received 2025-10-14
Active participants447Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014153744NAL0001596003001, received 2025-10-14
Participants, end of year504Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014153744NAL0001596003001, received 2025-10-14
Participants with an account balance198Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014153744NAL0001596003001, received 2025-10-14
Total assets, beginning of year$5,711,203Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014153744NAL0001596003001, received 2025-10-14
Total assets, end of year$6,772,979Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014153744NAL0001596003001, received 2025-10-14
Net assets, end of year$6,772,979Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014153744NAL0001596003001, received 2025-10-14
Total income$1,512,284Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014153744NAL0001596003001, received 2025-10-14
Net income$1,061,776Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014153744NAL0001596003001, received 2025-10-14
Employer contributions$277,843Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014153744NAL0001596003001, received 2025-10-14
Participant contributions$508,454Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014153744NAL0001596003001, received 2025-10-14
Other contributions (incl. rollovers)$146Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014153744NAL0001596003001, received 2025-10-14
Total contributions$786,443Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014153744NAL0001596003001, received 2025-10-14
Benefit payments$418,378Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014153744NAL0001596003001, received 2025-10-14
Total expenses (incl. benefit payments)$450,508Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014153744NAL0001596003001, received 2025-10-14
Total administrative expenses$32,130Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014153744NAL0001596003001, received 2025-10-14
Recordkeeping fees$22,986Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014153744NAL0001596003001, received 2025-10-14
Investment advisory and management fees$5,821Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014153744NAL0001596003001, received 2025-10-14
Administrative expenses excluding investment management$26,309derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014153744NAL0001596003001, received 2025-10-14
Held in mutual funds$6,253,964Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014153744NAL0001596003001, received 2025-10-14
Independent auditorCLIFTONLARSONALLENSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014153744NAL0001596003001, received 2025-10-14

Position = column in the DOL layout for form year 2024. Filing 20251014153744NAL0001596003001, received 2025-10-14.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
BOKF, NArecordkeeperTRUSTEE 28 Investment management; 37 Participant loan processing; 21 Trustee (bank, trust company or similar); 62 Float revenue; 64 Recordkeeping fees; 68 Soft dollars commissions $32,130yes
CLIFTONLARSONALLEN LLPACCOUNTANT 10 Accounting (including auditing); 21 Trustee (bank, trust company or similar); 50 Direct payment from the plan $0no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014153744NAL0001596003001, received 2025-10-14.

What changed since the 2023 plan year

Figure20232024Change
Total assets$5,711,203$6,772,97918.6%
Participants with a balance1871985.9%
Administrative expenses$29,486$32,1309.0%
Recordkeeping fees per participant$110.41$116.095.1%
Employer contributions$273,797$277,8431.5%

Prior filing 20241217110358NAL0003853120001, received 2024-12-17; the plan years are contiguous.

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Sponsor name as filed: TANDY LEATHER FACTORY, INC.; SEC registrant: TANDY LEATHER FACTORY INC (CIK 909724, matched by EIN).