Trigreen Equipment, LLC 401(k) Review & Grade
Trigreen Equipment, LLC 401(k) Plan
Athens, ALRetail Trade592 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,176Employer $ per active participant
$2,305Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$26.1MNet plan assets, end of year
$60,891Average balance per account
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 25th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $22,221 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trigreen Equipment put in about $1,176 per active participant, more than the typical peer ($743). 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 (0.47% 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 | $696,871 |
| Participant (employee) contributions | $1,365,796 |
| Other contributions (incl. rollovers in) | $540,550 |
| Administrative expenses paid from the plan | $114,685 |
| Benefits paid out | $1,740,309 |
| Net assets, start / end of year | $22.4M / $26.1M |
| Active participants, start / end of year | 611 / 574 |
| Participants with account balances | 428 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mauldin & Jenkins, LLC |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $72,087 reported compensation |
| Azalea Administration LLC | $15,637 reported compensation |
| Empower Annuity Insurance Co of Ame | $4,327 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003102206NAL0000785891001, received 2025-10-03, EIN 20-5462252, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.