Trustbridge, Inc. 401(k) Review & Grade
Trustbridge 401(k) Plan
West Palm Beach, FLHealth Care & Social Assistance1,066 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,923Employer $ per active participant
$5,401Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$69.6MNet plan assets, end of year
$48,881Average balance per account
Score breakdown
- Employer generosity34.8 / 5070th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 48th |
| Employee saving | 83th |
| 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
- Trustbridge put in about $1,923 per active participant, more than the typical peer ($976). 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.
- 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 | $2,048,713 |
| Participant (employee) contributions | $5,755,134 |
| Other contributions (incl. rollovers in) | $276,010 |
| Administrative expenses paid from the plan | $167,199 |
| Contract administrator fees | $127,227 |
| Investment advisory & management fees | $39,972 |
| Benefits paid out | $11,430,600 |
| Net assets, start / end of year | $66.0M / $69.6M |
| Active participants, start / end of year | 1,055 / 1,076 |
| Participants with account balances | 1,423 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $129,519 reported compensation |
| Mma Securities LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172404NAL0002809155001, received 2025-10-15, EIN 20-3974015, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.