Trimedx Holdings, LLC 401(k) Review & Grade
Trimedx Holdings, LLC Retirement Plan
Indianapolis, INHealth Care & Social Assistance2,972 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,258Employer $ per active participant
$6,518Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$244.6MNet plan assets, end of year
$61,041Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 33th |
| Employee saving | 85th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Trimedx Holdings put in about $2,258 per active participant, more than the typical peer ($800). 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 (0.21% of assets) are well above similar-size plans (0.12%). 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 | $6,711,199 |
| Participant (employee) contributions | $19,374,116 |
| Other contributions (incl. rollovers in) | $3,265,905 |
| Administrative expenses paid from the plan | $480,611 |
| Investment advisory & management fees | $108,500 |
| Benefits paid out | $22,153,341 |
| Net assets, start / end of year | $209.8M / $244.6M |
| Active participants, start / end of year | 2,929 / 3,016 |
| Participants with account balances | 4,007 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Blue & Co., LLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $357,702 reported compensation |
| Towers Watson Investment Services I | $81,000 reported compensation |
| Kestra Advisory Services LLC | $27,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014082520NAL0002400321001, received 2025-10-14, EIN 45-4807500, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.