DFX Intelligence

TSC 401k

Business services / Accounting bookkeeping· Maple Grove, MN

As of 2026-09-12 · 2 sources, 18 observations, 3 events; scored 4 days ago

Formerly TAX SHELTERED COMPENSATION, INC. (until plan year 2022)NAICS 541219

As of 2026-09-12 · 2 sources, 18 observations, 3 events; scored 4 days ago

Find capital

Borrowers in this sector

What matters now

$1.2M to $4.4M
probable EBITDA
Probable EBITDA $1.2M to $4.4M on revenue of $8.2M to $14.8M, estimated from 82 employees.
Inside the $1M to $15M EBITDA range most independent sponsors state they buy.
InferenceDFX estimate from headcount on Form 5500, 55% confidence
84
dealability of 100
Why it fits: operating tenure +20, 57 years since earliest plan effective date (floor on age); sector demand +15, business services: sponsor demand index 1.00 (anonymised market prior); workforce stability +8.7, $173,116 retirement assets per participant suggests a long-tenured workforce.
The largest contributions to its dealability score, each with the fact it rests on.
DerivedDFX score, 23 Sep 2026
76
data confidence of 100
How sure the record is: 2 independent sources; latest effective observation 12 Sep 2026; size estimate at 55% confidence.
How much of this page rests on independent sources rather than on our estimates.
Measuredcount of sources and dates on the record

Dealability

high

Sponsor fit

high

Transition readiness

low

Data confidence

high

Opportunity

ranking only

What is it

Business services (Accounting bookkeeping) employer in Maple Grove, MN, with 83 benefit plan participants on its latest filing, and a benefit plan in place since 1969. No website description has been captured yet.

Why does it fit

+40Size band fit
Estimate
+20Operating tenure
Fact
+8.7Workforce stability
Inference
+15Sector demand
Inference

Why now

-40.5Plan final filingPossibly resolved
FactMay 1, 2024efast.dol.gov
+2.3Sponsor name changedOwnership event
FactMay 1, 2022efast.dol.gov
+9.6Market pullMarket pull
Inference

What its own filings say

2022 to 2024Workforce on the planfallingstrong weightFact
Covered headcount fell 40% between 2022 to 2024, from 162 to 97 people on the plan.
Form 5500 · read Sep 17, 2026
1969 to 2026Long establishedmoderate weightFact
Has run a benefit plan since 1969, at least 57 years, so the business is older than that.
Form 5500 · read Sep 17, 2026
2024Who signsmoderate weightFact
Matthew Slyter signed the company's 2024 federal benefit filing.
Form 5500 · read Sep 17, 2026

How large is it

Probable revenue: $8.2M to $14.8M Estimate
Probable EBITDA: $1.2M to $4.4M Estimate
Workforce proxy: 83 plan participants
Estimate computed on: 82 employees, the headcount the size estimate used
Method: employees x sector revenue/employee band x sector EBITDA margin band
Confidence: 55%

How certain are we

+30Source breadth
Fact2 independent sources
+29.6Freshness
Factlatest effective observation 2026-09-12
+16.5Size estimate quality
Estimate

What changed

Ownership and transition activity

How the four classes are defined

May 1, 2026plan year 2026Company transitionFactFinal filing, next year unpublishedconfidence 80%
Final Form 5500 for 1 plan; the following plan year is not yet on the record
Rule: On the 2022 and 2023 tapes, 79 to 80% of sponsors that marked a return final were absent from the RAW Form 5500 record the following plan year (any size, any industry, EIN and successor), against 1.8 to 2.1% of sponsors that did not; that is next-year absence, not a sale rate
DOL EFAST2 Form 5500 datasets efast.dol.gov · last verified Sep 23, 2026
May 1, 2024plan year 2024Company transitionFactPlan terminated, sponsor continuesconfidence 50%
1 plan marked final; the sponsor filed again the following plan year
DOL EFAST2 Form 5500 datasets efast.dol.gov · last verified Sep 11, 2026
May 1, 2022plan year 2022Company transitionFactSponsor renamedconfidence 90%
Plan sponsor name changed from TAX SHELTERED COMPENSATION, INC. to TSC 401K
DOL EFAST2 Form 5500 datasets efast.dol.gov · last verified Sep 12, 2026

Every dated event
May 1, 2026Final benefit plan filingFactTransaction preparation
TSC 401k filed a final Form 5500 for 1 plan
DOL EFAST2 Form 5500 datasets efast.dol.gov
May 1, 2024Final benefit plan filingFactTransaction preparation
TSC 401k filed a final Form 5500 for 1 plan
DOL EFAST2 Form 5500 datasets efast.dol.gov
May 1, 2022Plan sponsor name changedFactOwnership event
TSC 401k: sponsor name changed from TAX SHELTERED COMPENSATION, INC. on its Form 5500-SF
DOL EFAST2 Form 5500 datasets efast.dol.gov

Decision makers

No named leader on the record yet: the company's site did not list one where we read it.

Profile

Founded: benefit plan since May 2, 1969 (age floor 57 years)
Ownership: not observed
Plans on file: 1

What is the evidence

Fact	Value	Class	Effective	Source
Active participants	82	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Ebitda band	$2.8M	Estimate	2026-09-12	DFX model output (scores, estimates, matches) no URL
Ebitda band	$2.8M	Estimate	2026-09-11	DFX model output (scores, estimates, matches) no URL
Hq location	Maple Grove, MN	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Naics code	541219	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan assets eoy usd	$14.2M	Fact	2023-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan assets eoy usd	$11.6M	Fact	2022-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan count	1	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan effective date earliest	1969-05-02	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan participants	83	Fact	2026-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan participants	97	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan participants	90	Fact	2023-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan participants	79	Fact	2023-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan participants	86	Fact	2022-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Plan participants	76	Fact	2022-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Sponsor signed by	Matthew Slyter	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Subsector	Accounting bookkeeping	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov
Vertical	Business services	Fact	2024-05-01	DOL EFAST2 Form 5500 datasets efast.dol.gov

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