Trimac Transportation Inc. 401(k) Review & Grade
Trimac Transportation, Inc. 401(k) Profit Sharing Plan
Houston, TXTransportation & Warehousing1,010 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,118Employer $ per active participant
$3,050Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$39.2MNet plan assets, end of year
$35,322Average balance per account
Score breakdown
- Employer generosity26.0 / 5052th percentile for employer $ per participant
- Low cost12.9 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 51th |
| Employee saving | 50th |
| Peers that auto-enroll | 37% |
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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 ($203,520 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Trimac Transportation put in about $1,118 per active participant, more than the typical peer ($1,070). 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.
- 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 | $1,128,834 |
| Participant (employee) contributions | $3,080,066 |
| Other contributions (incl. rollovers in) | $139,751 |
| Administrative expenses paid from the plan | $84,672 |
| Contract administrator fees | $22,782 |
| Investment advisory & management fees | $25,326 |
| Other admin expenses | $2 |
| Benefits paid out | $9,365,259 |
| Net assets, start / end of year | $38.4M / $39.2M |
| Active participants, start / end of year | 795 / 1,225 |
| Participants with account balances | 1,110 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ham Langston & Brezina L.L.P. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $59,344 reported compensation |
| Sageview Advisory Group LLC | $25,326 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001142107NAL0016250176001, received 2025-10-01, EIN 76-1264794, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.