Trident Maritime Systems, LLC 401(k) Review & Grade
Trident Maritime Systems Retirement Savings Plan
Arlington, VAManufacturing1,085 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,213Employer $ per active participant
$5,142Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$86.2MNet plan assets, end of year
$55,002Average balance per account
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 62th |
| Employee saving | 53th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($565,103 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Trident Maritime Systems put in about $1,213 per active participant, below the typical peer ($2,320). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,316,208 |
| Participant (employee) contributions | $5,578,819 |
| Other contributions (incl. rollovers in) | $1,241,695 |
| Administrative expenses paid from the plan | $109,075 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $67,128 |
| Benefits paid out | $12,128,641 |
| Net assets, start / end of year | $53.2M / $86.2M |
| Active participants, start / end of year | 871 / 1,299 |
| Participants with account balances | 1,568 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Osaic Wealth Inc. | $44,453 reported compensation |
| Fidelity Investments Institutional | $25,946 reported compensation |
| Bdo | $16,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101330NAL0005765968001, received 2025-10-15, EIN 37-1714323, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.