Transworld Systems Inc. 401(k) Review & Grade
The Tsi 401(k) Retirement Savings Plan
Lake Forest, ILAdministrative, Support & Staffing Services5,132 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$268Employer $ per active participant
$1,081Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$101.4MNet plan assets, end of year
$22,505Average balance per account
Score breakdown
- Employer generosity22.6 / 5045th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 18th |
| Employee saving | 47th |
| Peers that auto-enroll | 22% |
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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
- Transworld Systems put in about $268 per active participant, below the typical peer ($342). 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 (0.36% 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 | $1,373,815 |
| Participant (employee) contributions | $5,549,180 |
| Other contributions (incl. rollovers in) | $1,944,843 |
| Administrative expenses paid from the plan | $360,475 |
| Contract administrator fees | $312,251 |
| Investment advisory & management fees | $28,934 |
| Other admin expenses | $19,290 |
| Benefits paid out | $14,527,265 |
| Net assets, start / end of year | $97.8M / $101.4M |
| Active participants, start / end of year | 5,392 / 4,872 |
| Participants with account balances | 4,504 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller, Cooper & Co., LTD |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $312,250 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $48,317 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015114352NAL0004443009001, received 2025-10-15, EIN 94-1728881, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.