Triumph Financial, Inc. 401(k) Review & Grade
Triumph Financial, Inc. 401(k) Plan
Dallas, TXFinance & Insurance1,516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,366Employer $ per active participant
$6,469Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$101.0MNet plan assets, end of year
$72,490Average balance per account
Score breakdown
- Employer generosity22.9 / 5046th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 71th |
| Employee saving | 42th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,446 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Triumph Financial put in about $3,366 per active participant, below the typical peer ($3,606). 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 | $5,103,230 |
| Participant (employee) contributions | $9,807,591 |
| Other contributions (incl. rollovers in) | $3,257,992 |
| Administrative expenses paid from the plan | $103,966 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $8,881 |
| Benefits paid out | $8,905,598 |
| Net assets, start / end of year | $80.1M / $101.0M |
| Active participants, start / end of year | 1,470 / 1,562 |
| Participants with account balances | 1,393 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $95,085 reported compensation |
| Strategic Advisors, Inc. | $8,881 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170313NAL0005485569001, received 2025-10-15, EIN 20-0477066, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.