Tradesmen International, LLC 401(k) Review & Grade
Tradesmen International, LLC 401(k) Plan
Macedonia, OHConstruction16,739 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$82Employer $ per active participant
$133Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$27.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.3 / 507th percentile for employer $ per participant
- Low cost0.6 / 252th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score4 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 2th |
| Employee saving | 2th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Tradesmen International put in about $82 per active participant, below the typical peer ($2,229). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.62% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,367,574 |
| Participant (employee) contributions | $2,231,425 |
| Other contributions (incl. rollovers in) | $259,062 |
| Administrative expenses paid from the plan | $164,292 |
| Investment advisory & management fees | $41,734 |
| Benefits paid out | $4,443,079 |
| Net assets, start / end of year | $25.0M / $27.6M |
| Active participants, start / end of year | 18,162 / 15,316 |
| Participants with account balances | 1,278 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bober Markey Fedorovich |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $108,558 reported compensation |
| Capfinancial Partners LLC DBA Captr | $38,755 reported compensation |
| Bober Markey Fedorovich & Company | $14,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009063237NAL0003380051001, received 2025-10-09, EIN 34-1696251, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.