Trelleborg Corporation 401(k) Review & Grade
Trelleborg Corporation Savings Plan
Northville, MIManufacturing3,162 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,907Employer $ per active participant
$6,264Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$322.2MNet plan assets, end of year
$80,546Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 43th |
| Employee saving | 52th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($8,050 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $9,555 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trelleborg put in about $2,907 per active participant, below the typical peer ($3,452). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $9,190,864 |
| Participant (employee) contributions | $19,803,328 |
| Other contributions (incl. rollovers in) | $3,373,397 |
| Administrative expenses paid from the plan | $465,132 |
| Investment advisory & management fees | $144,296 |
| Benefits paid out | $31,621,699 |
| Net assets, start / end of year | $286.4M / $322.2M |
| Active participants, start / end of year | 3,213 / 3,110 |
| Participants with account balances | 4,000 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer PLLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $320,332 reported compensation |
| Creative Planning Holdco LLC | $125,000 reported compensation |
| Caron & Bletzer PLLC | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001145321NAL0005990643001, received 2025-10-01, EIN 06-1253246, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.