Transtar Industries, LLC 401(k) Review & Grade
The Transtar Employees Retirement Savings Plan
Cleveland, OHWholesale Trade942 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,422Employer $ per active participant
$4,023Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$85.9MNet plan assets, end of year
$110,852Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 72th |
| Employee saving | 40th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $36,927 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Transtar Industries put in about $1,422 per active participant, below the typical peer ($1,792). 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.
- 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 | $1,338,379 |
| Participant (employee) contributions | $3,787,450 |
| Other contributions (incl. rollovers in) | $996,919 |
| Administrative expenses paid from the plan | $90,582 |
| Contract administrator fees | $600 |
| Benefits paid out | $16,468,610 |
| Net assets, start / end of year | $80.7M / $85.9M |
| Active participants, start / end of year | 981 / 902 |
| Participants with account balances | 775 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ciuni & Panichi, Inc. |
Largest service providers (Schedule C)
| Ciuni & Panichi Inc. | $50,850 reported compensation |
| Fidelity Investments Institutional | $39,732 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102700NAL0003625984001, received 2025-10-14, EIN 34-1160632, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.