Transforce, Inc. 401(k) Review & Grade
Transforce, Inc. 401(k) Plan
Alexandria, VAAdministrative, Support & Staffing Services1,963 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$530Employer $ per active participant
$980Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$19.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.3 / 5044th percentile for employer $ per participant
- Low cost3.6 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 15th |
| Employee saving | 32th |
| Peers that auto-enroll | 27% |
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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
- Transforce put in about $530 per active participant, below the typical peer ($712). 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 (0.66% of assets) are well above similar-size plans (0.23%). 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 | $1,040,058 |
| Participant (employee) contributions | $1,924,461 |
| Other contributions (incl. rollovers in) | $326,293 |
| Administrative expenses paid from the plan | $127,406 |
| Investment advisory & management fees | $45,193 |
| Benefits paid out | $4,318,158 |
| Net assets, start / end of year | $18.7M / $19.8M |
| Active participants, start / end of year | 2,195 / 1,731 |
| Participants with account balances | 516 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $82,213 reported compensation |
| Global Retirement Partners LLC | $45,193 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151017NAL0001490017001, received 2025-10-13, EIN 54-1922539, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.