Trinity Solar, LLC 401(k) Review & Grade
Trinity Solar, LLC 401(k) Plan
Wall, NJUtilities2,546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$629Employer $ per active participant
$4,053Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$60.0MNet plan assets, end of year
$21,302Average balance per account
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 32th |
| Employee saving | 5th |
| Peers that auto-enroll | 82% |
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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
- Trinity Solar put in about $629 per active participant, below the typical peer ($6,490). 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 (0.22% 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.
- 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 | $1,599,929 |
| Participant (employee) contributions | $10,315,853 |
| Other contributions (incl. rollovers in) | $181,502 |
| Administrative expenses paid from the plan | $115,501 |
| Investment advisory & management fees | $115,501 |
| Benefits paid out | $4,291,158 |
| Net assets, start / end of year | $46.0M / $60.0M |
| Active participants, start / end of year | 2,366 / 2,725 |
| Participants with account balances | 2,815 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BKC, Cpa's, P.C. |
Largest service providers (Schedule C)
| Nationwide | $230,169 reported compensation |
| Liberty Partners Finance Service | $97,660 reported compensation |
| Preferred Pension Planning | $89,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143418NAL0001511763001, received 2025-10-14, EIN 22-3292324, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.