Triumvirate Environmental, Inc. 401(k) Review & Grade
Triumvirate Environmental, Inc. Savings, Profit Sharing & Retirement Plan
Somerville, MAAdministrative, Support & Staffing Services1,102 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$762Employer $ per active participant
$6,185Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$57.6MNet plan assets, end of year
$39,294Average balance per account
Score breakdown
- Employer generosity26.5 / 5053th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 47th |
| Employee saving | 86th |
| Peers that auto-enroll | 27% |
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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 ($4,180,516 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $22,324 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Triumvirate Environmental put in about $762 per active participant, more than the typical peer ($712). 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 | $839,292 |
| Participant (employee) contributions | $6,812,602 |
| Other contributions (incl. rollovers in) | $506,422 |
| Administrative expenses paid from the plan | $130,341 |
| Investment advisory & management fees | $15,000 |
| Benefits paid out | $3,789,400 |
| Net assets, start / end of year | $45.9M / $57.6M |
| Active participants, start / end of year | 1,021 / 1,182 |
| Participants with account balances | 1,465 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $115,341 reported compensation |
| Global Retirement Partners LLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154419NAL0005028113001, received 2025-10-15, EIN 04-3017601, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.