Trimas Corporation 401(k) Review & Grade
Trimas Corporation Hourly Retirement Program
Bloomfield Hills, MIManufacturing1,554 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,783Employer $ per active participant
$3,993Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$84.9MNet plan assets, end of year
$45,430Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 40th |
| Employee saving | 37th |
| 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
- Trimas put in about $1,783 per active participant, below the typical peer ($2,320). 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.
- 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 | $2,770,633 |
| Participant (employee) contributions | $6,202,565 |
| Other contributions (incl. rollovers in) | $481,311 |
| Administrative expenses paid from the plan | $249,035 |
| Other admin expenses | $50,787 |
| Benefits paid out | $11,239,959 |
| Net assets, start / end of year | $77.3M / $84.9M |
| Active participants, start / end of year | 1,517 / 1,590 |
| Participants with account balances | 1,868 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $181,148 reported compensation |
| Concurrent Investment Advisors, LL | $50,787 reported compensation |
| Crowe LLP | $17,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821141401NAL0002124195001, received 2025-08-21, EIN 38-2687639, plan #017, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.