Trustaff Management, Inc. 401(k) Review & Grade
Trustaff Management Inc. 401(k) Profit Sharing Plan and Trust
Cincinnati, OHAdministrative, Support & Staffing Services2,346 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$693Employer $ per active participant
$1,967Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$32.1MNet plan assets, end of year
$20,723Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 22th |
| Employee saving | 52th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,894 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trustaff Management put in about $693 per active participant, below the typical peer ($712). 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 (0.52% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $1,625,554 |
| Participant (employee) contributions | $4,612,879 |
| Other contributions (incl. rollovers in) | $210,194 |
| Administrative expenses paid from the plan | $162,211 |
| Investment advisory & management fees | $8,275 |
| Benefits paid out | $8,540,690 |
| Net assets, start / end of year | $30.5M / $32.1M |
| Active participants, start / end of year | 2,711 / 1,980 |
| Participants with account balances | 1,547 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Schaefer Hackett & Co. |
Largest service providers (Schedule C)
| Adp, Inc. | $158,643 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170223NAL0010447442001, received 2025-10-15, EIN 20-3003728, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.