TMK Global Holdings, LLC 401(k) Review & Grade
Trimark Retirement Savings Plan
Mansfield, MAWholesale Trade2,976 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,250Employer $ per active participant
$6,932Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$245.4MNet plan assets, end of year
$66,919Average balance per account
Score breakdown
- Employer generosity23.0 / 5046th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 30th |
| Employee saving | 78th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,082 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- TMK Global Holdings put in about $2,250 per active participant, below the typical peer ($2,459). 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 (0.23% 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 | $6,696,076 |
| Participant (employee) contributions | $20,626,465 |
| Other contributions (incl. rollovers in) | $2,145,244 |
| Administrative expenses paid from the plan | $538,104 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $219,329 |
| Other admin expenses | $42,379 |
| Benefits paid out | $33,321,216 |
| Net assets, start / end of year | $221.3M / $245.4M |
| Active participants, start / end of year | 3,116 / 2,835 |
| Participants with account balances | 3,667 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $260,396 reported compensation |
| Global Retirement Partners LLC | $124,903 reported compensation |
| Strategic Advisors, Inc. | $94,426 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250625103856NAL0019173858001, received 2025-06-25, EIN 32-0240384, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.