Ibex Global Solutions, Inc. 401(k) Review & Grade
TRG 401(k) Plan
Washington, DCAdministrative, Support & Staffing Services1,948 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$325Employer $ per active participant
$666Employee $ saved per active participant
0.84%Direct admin cost, % of plan assets
$12.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 9th |
| Employee saving | 24th |
| 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 ($115,938 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ibex Global Solutions put in about $325 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 (0.84% 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.
- 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 | $632,142 |
| Participant (employee) contributions | $1,296,492 |
| Other contributions (incl. rollovers in) | $92,985 |
| Administrative expenses paid from the plan | $95,265 |
| Contract administrator fees | $57,914 |
| Investment advisory & management fees | $37,351 |
| Benefits paid out | $712,904 |
| Net assets, start / end of year | $9.9M / $12.7M |
| Active participants, start / end of year | 1,924 / 1,972 |
| Participants with account balances | 278 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $45,393 reported compensation |
| Ima Advisory Services, Inc. | $44,377 reported compensation |
| Onedigital Topco LLC | $18,074 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092648NAL0004177057001, received 2025-10-15, EIN 72-1583550, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.