Tram, Inc. 401(k) Review & Grade
Tram, Inc. 401(k) Retirement Plan
Plymouth, MIManufacturing1,462 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,649Employer $ per active participant
$5,796Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$148.7MNet plan assets, end of year
$89,368Average balance per account
Score breakdown
- Employer generosity28.4 / 5057th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 89th |
| Employee saving | 62th |
| Peers that auto-enroll | 59% |
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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
- Tram put in about $2,649 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,872,109 |
| Participant (employee) contributions | $8,473,366 |
| Other contributions (incl. rollovers in) | $520,207 |
| Administrative expenses paid from the plan | $62,593 |
| Contract administrator fees | $62,593 |
| Benefits paid out | $13,045,568 |
| Net assets, start / end of year | $134.4M / $148.7M |
| Active participants, start / end of year | 1,521 / 1,403 |
| Participants with account balances | 1,664 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Concurrent Investment Advisors, LLC | $125,000 reported compensation |
| Principal Life Insurance Company | $62,593 reported compensation |
| Plante & Moran, PLLC | $32,891 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716131323NAL0001970307001, received 2025-07-16, EIN 38-2674223, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.