Trilogy Management Services, LLC 401(k) Review & Grade
Trilogy Management Services, LLC Retirement Savings Plan
Louisville, KYHealth Care & Social Assistance14,149 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$380Employer $ per active participant
$1,777Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$193.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.0 / 5028th percentile for employer $ per participant
- Low cost2.1 / 259th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 9th |
| Employee saving | 27th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $557,306 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trilogy Management Services put in about $380 per active participant, below the typical peer ($2,086). 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 (0.33% of assets) are well above similar-size plans (0.09%). 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 | $5,382,693 |
| Participant (employee) contributions | $25,144,379 |
| Other contributions (incl. rollovers in) | $3,203,510 |
| Administrative expenses paid from the plan | $577,685 |
| Other admin expenses | $577,685 |
| Benefits paid out | $18,566,956 |
| Net assets, start / end of year | $157.3M / $193.7M |
| Active participants, start / end of year | 14,454 / 13,844 |
| Participants with account balances | 5,909 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $577,745 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144938NAL0006506130001, received 2025-10-14, EIN 32-0381871, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.