Trinity Industries, Inc. 401(k) Review & Grade
Trinity Industries, Inc. 401(k) Plan As Restated Effective August 1, 2020
Dallas, TXManufacturing2,767 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,302Employer $ per active participant
$6,852Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$385.5MNet plan assets, end of year
$92,503Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 47th |
| Employee saving | 58th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $4,765 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trinity Industries put in about $4,302 per active participant, more than the typical peer ($3,452). 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 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 | $11,904,140 |
| Participant (employee) contributions | $18,960,612 |
| Other contributions (incl. rollovers in) | $995,673 |
| Administrative expenses paid from the plan | $473,389 |
| Contract administrator fees | $38,856 |
| Investment advisory & management fees | $247,610 |
| Benefits paid out | $36,436,770 |
| Net assets, start / end of year | $325.9M / $385.5M |
| Active participants, start / end of year | 2,644 / 2,890 |
| Participants with account balances | 4,167 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
| Employer stock held by plan | $11,007,839 |
Largest service providers (Schedule C)
| Voya Institutional Plan Services, L | $257,398 reported compensation |
| Voya Retirement Advisors, LLC | $247,610 reported compensation |
| Marsh USA LLC | $139,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007133924NAL0008013088001, received 2025-10-07, EIN 75-0225040, plan #029, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.