Trugreen Limited Partnership 401(k) Review & Grade
Trugreen Profit Sharing and Retirement Plan
Memphis, TNAdministrative, Support & Staffing Services10,070 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,059Employer $ per active participant
$2,800Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$465.6MNet plan assets, end of year
$32,271Average balance per account
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 15th |
| Employee saving | 69th |
| Peers that auto-enroll | 36% |
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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
- Trugreen Limited Partnership put in about $1,059 per active participant, more than the typical peer ($271). 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.09%). 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 | $10,669,608 |
| Participant (employee) contributions | $28,193,740 |
| Other contributions (incl. rollovers in) | $815,252 |
| Administrative expenses paid from the plan | $968,010 |
| Contract administrator fees | $881,427 |
| Investment advisory & management fees | $72,083 |
| Benefits paid out | $58,009,245 |
| Net assets, start / end of year | $427.6M / $465.6M |
| Active participants, start / end of year | 9,610 / 10,531 |
| Participants with account balances | 14,427 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Reynolds, Bone, & Griesbeck, PLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $881,427 reported compensation |
| Morgan Stanley Global | $52,500 reported compensation |
| Morgan Stanley Global Ba | $17,431 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145013NAL0010167666001, received 2025-10-15, EIN 36-3734669, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.