Trimas Corporation 401(k) Review & Grade
Trimas Corporation Salaried Retirement Program
Bloomfield Hills, MIManufacturing564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,124Employer $ per active participant
$10,850Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$121.1MNet plan assets, end of year
$128,255Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 70th |
| Employee saving | 92th |
| 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 ($846 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,420 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trimas put in about $4,124 per active participant, more than the typical peer ($2,320). 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.
- 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 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 | $2,323,650 |
| Participant (employee) contributions | $6,114,071 |
| Other contributions (incl. rollovers in) | $1,502,682 |
| Administrative expenses paid from the plan | $130,979 |
| Other admin expenses | $21,214 |
| Benefits paid out | $12,277,629 |
| Net assets, start / end of year | $105.4M / $121.1M |
| Active participants, start / end of year | 545 / 582 |
| Participants with account balances | 944 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $92,665 reported compensation |
| Concurrent Investment Advisors, LL | $21,214 reported compensation |
| Crowe LLP | $17,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821141742NAL0004335953001, received 2025-08-21, EIN 38-2687639, plan #016, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.