Transforming Age Associates, LLC 401(k) Review & Grade
Transforming Age 401(k) Plan
Bellevue, WAHealth Care & Social Assistance1,350 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$754Employer $ per active participant
$1,629Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$15.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.9 / 5044th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 49th |
| Employee saving | 36th |
| 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
- Transforming Age Associates put in about $754 per active participant, below the typical peer ($976). 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.
- 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 | $1,018,127 |
| Participant (employee) contributions | $2,199,523 |
| Other contributions (incl. rollovers in) | $7,605,707 |
| Administrative expenses paid from the plan | $22,145 |
| Contract administrator fees | $11,834 |
| Investment advisory & management fees | $9,811 |
| Other admin expenses | $500 |
| Benefits paid out | $821,120 |
| Net assets, start / end of year | $3.6M / $15.0M |
| Active participants, start / end of year | 1,129 / 1,571 |
| Participants with account balances | 479 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $20,852 reported compensation |
| Voya Retirement Advisors, LLC | $9,665 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013110236NAL0001163025001, received 2025-10-13, EIN 92-0770430, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.