Trefz Corporation 401(k) Review & Grade
Trefz Corporation & Its Affiliates Profit Sharing 401(k) Plan
Bridgeport, CTWholesale Trade1,235 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$174Employer $ per active participant
$561Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$22.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 32th |
| Employee saving | 1th |
| Peers that auto-enroll | 53% |
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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
- Trefz put in about $174 per active participant, below the typical peer ($1,792). 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 (0.39% 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.
- 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 | $214,855 |
| Participant (employee) contributions | $692,576 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $82,532 |
| Investment advisory & management fees | $21,167 |
| Other admin expenses | $4,375 |
| Benefits paid out | $668,894 |
| Net assets, start / end of year | $20.4M / $22.4M |
| Active participants, start / end of year | 949 / 1,521 |
| Participants with account balances | 300 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer PLLC |
Largest service providers (Schedule C)
| Ascensus | $22,483 reported compensation |
| Smithbridge Asset Management Inc | $21,167 reported compensation |
| Caron & Bletzer PLLC | $17,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729091915NAL0006936930001, received 2025-07-29, EIN 06-0862427, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.