True MFG. Co., Inc. 401(k) Review & Grade
True Manufacturing Company, Inc. 401(k) Plan
O Fallon, MOManufacturing2,931 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,896Employer $ per active participant
$3,881Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$227.0MNet plan assets, end of year
$72,102Average balance per account
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 31th |
| Employee saving | 23th |
| Peers that auto-enroll | 70% |
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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
- True MFG. Co. put in about $1,896 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,558,137 |
| Participant (employee) contributions | $11,374,100 |
| Other contributions (incl. rollovers in) | $311,247 |
| Administrative expenses paid from the plan | $476,855 |
| Contract administrator fees | $381,071 |
| Investment advisory & management fees | $95,784 |
| Benefits paid out | $15,162,844 |
| Net assets, start / end of year | $198.1M / $227.0M |
| Active participants, start / end of year | 2,954 / 2,908 |
| Participants with account balances | 3,148 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | SFW Partners, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $381,071 reported compensation |
| Intellicents Investments Solutions | $96,000 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010135351NAL0012718672001, received 2025-10-10, EIN 43-0709967, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.