Tri-Starr Management Services, Inc 401(k) Review & Grade
Legacy 401(k) Plan · d/b/a Legacy Supply Chain Services
Franklin, INAdministrative, Support & Staffing Services1,144 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,841Employer $ per active participant
$2,922Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$38.6MNet plan assets, end of year
$27,902Average balance per account
Score breakdown
- Employer generosity38.4 / 5077th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 22th |
| Employee saving | 62th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,098 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tri-Starr Management Services put in about $1,841 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.51% 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 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 | $2,107,113 |
| Participant (employee) contributions | $3,344,557 |
| Other contributions (incl. rollovers in) | $202,679 |
| Administrative expenses paid from the plan | $195,815 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $53,093 |
| Benefits paid out | $10,085,344 |
| Net assets, start / end of year | $38.1M / $38.6M |
| Active participants, start / end of year | 1,191 / 1,098 |
| Participants with account balances | 1,382 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ennis, Pellum & Associates, Cpas |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $142,722 reported compensation |
| Closed Dlr-Sagepoint Financial Inc | $33,281 reported compensation |
| Osaic Wealth Inc | $11,515 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001172523NAL0013524961001, received 2025-10-01, EIN 74-2616688, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.